Completing Ostrom's table: A note on the taxonomy of goods

A framework is proposed to subsume public goods and common-pool resources, respectively, as specific cases of positive and negative externalities. A pure public good is a positive externality whose appropriable benefits are too small or too uncertain relative to the high private cost for anyone to produce it in any amount. The common-pool problem is a case where each agent's action imposes a negative externality on everyone else.

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Year of publication:	2015
Authors:	de Dios, Emmanuel S.
Publisher:	Quezon City : University of the Philippines, School of Economics (UPSE)
Subject:	public goods \| common-pool resources \| positive and negative externalities

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Series:	UPSE Discussion Paper ; 2015-03
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	826790615 [GVK] hdl:10419/119521 [Handle]
Classification:	D61 - Allocative Efficiency; Cost-Benefit Analysis ; D62 - Externalities ; H41 - Public Goods ; H42 - Publicly Provided Private Goods
Source:	EconStor

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