Random Priority: A Probabilistic Resolution of the Tragedy of the Commons

The celebrated "tragedy of the commons" arises when a certain technology with increasing marginal cost is the common property of its users. Examples include the exploitation of fisheries and other natural resources, as well as queuing problems where users want a service and the externalities result from congestion.

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Year of publication:	1998
Authors:	Cr ; egraves, Hervé ; Moulin, Hervé
Institutions:	Duke University, Department of Economics

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Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	Number 98-06
Classification:	D60 - Welfare Economics. General ; D62 - Externalities ; D72 - Economic Models of Political Processes: Rent-Seeking, Elections, Legistures, and Voting Behavior
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005114006