Privatizing the Commons: The Distribution of Total Product

Most research on common property has focused upon the implications of property rights for the maximization of social product. Paul Samuelson and Martin Weitzman looked at distribution and concluded that converting common property will reduce the product received by former users of common property. It is argued here that the product received by former users of common property depends upon the distribution of the newly created private rights.

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Year of publication:	1993
Authors:	Terrebonne, R. Peter
Published in:	Eastern Economic Journal. - Eastern Economic Association - EEA, ISSN 0094-5056. - Vol. 19.1993, 2, p. 165-171
Publisher:	Eastern Economic Association - EEA
Subject:	Commons \| Privatizing

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Extent:	application/pdf
Type of publication:	Article
Classification:	L33 - Comparison of Public and Private Enterprises; Privatization; Contracting Out ; Q21 - Demand and Supply
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005769843