This paper revisits the tragedy of the commons when agents have different capabilities in both production and … obeys a relative advantage criterion. Several equilibria may exist. The "tragedy of the commons" equilibrium without …

commons, Lukas Peter argues that this form of social organization can provide answers to the shortcomings of centralized … an ecological understanding of the commons and human freedom, more generally, thereby reinterpreting classical thinkers …

, biodiversity, and siting conflicts. It becomes clear that the analysis of one specific attribute of a good will seldom suffice to …

creating markets for biodiversity. In the paper we conclude that the success of a policy instrument for creating markets for … biodiversity depends on the nature crucial factors, including the ability of the policy instrument to deal with (a) the public good … nature of most of the nonmarket biodiversity benefits; (b) the asymmetric informational characteristics related to the …

This paper introduces and surveys ecological-economic analysis and valuation of biodiversity. Furthermore, the notion … and application of economic, monetary valuation of biodiversity is critically evaluated. A classification of biodiversity … values is offered, based on a system of logical relationships among biodiversity, ecosystems, species and human welfare …