IDEAS home Printed from https://ideas.repec.org/a/bla/reviec/v22y2014i1p167-169.html

The Gain from International Trade in Pool Goods and Private Goods

Author

Listed:
  • Geoffrey Fishburn
  • Murray C. Kemp

Abstract

It is well known that perfectly competitive free trade is potentially beneficial for all countries if all goods are both rivalrous and excludable in consumption (“private goods”) and recently (2011) the proposition has been modified to accommodate non-rivalrous and non-excludable goods (“public goods”), as well as non-rivalrous and excludable goods (“club goods”). In the present paper the proposition is modified again, to accommodate rivalrous and non-excludable goods (“pool goods”). The primary focus is on ocean fisheries, access to which is shared (not necessarily equally) by all countries. However the central proposition to be established is valid for all international pool goods.

Suggested Citation

  • Geoffrey Fishburn & Murray C. Kemp, 2014. "The Gain from International Trade in Pool Goods and Private Goods," Review of International Economics, Wiley Blackwell, vol. 22(1), pages 167-169, February.
    • Handle: RePEc:bla:reviec:v:22:y:2014:i:1:p:167-169
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1111/roie.12103
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    References listed on IDEAS

    as
    1. H. Scott Gordon, 1954. "The Economic Theory of a Common-Property Resource: The Fishery," Palgrave Macmillan Books, in: Chennat Gopalakrishnan (ed.), Classic Papers in Natural Resource Economics, chapter 9, pages 178-203, Palgrave Macmillan.
    2. Chiarella, Carl, et al, 1984. "On the Economics of International Fisheries," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 25(1), pages 85-92, February.
    3. Todd Sandler & John Tschirhart, 1997. "Club theory: Thirty years later," Public Choice, Springer, vol. 93(3), pages 335-355, December.
    4. Kemp, Murray C & Wan, Henry Y, Jr, 1972. "The Gains from Free Trade," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 13(3), pages 509-522, October.
    5. Anthony Scott, 1955. "The Fishery: The Objectives of Sole Ownership," Journal of Political Economy, University of Chicago Press, vol. 63(2), pages 116-116.
    6. H. Scott Gordon, 1954. "The Economic Theory of a Common-Property Resource: The Fishery," Journal of Political Economy, University of Chicago Press, vol. 62(2), pages 124-124.
    7. Wan, Henry Jr., 1972. "A note on trading gains and externalities," Journal of International Economics, Elsevier, vol. 2(2), pages 173-180, May.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. ., 2019. "Economic theory of non-territorial unbundling," Chapters, in: The Political Economy of Non-Territorial Exit, chapter 1, pages 14-38, Edward Elgar Publishing.
    2. Buchanan, James M. & Yoon, Yong J., 2004. "Majoritarian exploitation of the fiscal commons: general taxes-differential transfers," European Journal of Political Economy, Elsevier, vol. 20(1), pages 73-90, March.
    3. McCloskey Deirdre Nansen, 2018. "The Two Movements in Economic Thought, 1700–2000: Empty Economic Boxes Revisited," Man and the Economy, De Gruyter, vol. 5(2), pages 1-20, December.
    4. De Alessi, Michael & Sullivan, Joseph M. & Hilborn, Ray, 2014. "The legal, regulatory, and institutional evolution of fishing cooperatives in Alaska and the West Coast of the United States," Marine Policy, Elsevier, vol. 43(C), pages 217-225.
    5. James Rising, 2014. "Creating the Commons: Fisheries and the World Bank," HISTORY OF ECONOMIC THOUGHT AND POLICY, FrancoAngeli Editore, vol. 2014(1), pages 75-95.
    6. Alvin Slewion Jueseah & Dadi Mar Kristofersson & Tumi Tómasson & Ogmundur Knutsson, 2020. "A Bio-Economic Analysis of the Liberian Coastal Fisheries," Sustainability, MDPI, vol. 12(23), pages 1-21, November.
    7. Anne Sophie Crépin, 2003. "Threshold Effects in Coral Reef Fisheries," Working Papers 2003.107, Fondazione Eni Enrico Mattei.
    8. Holm, Petter & Raakjær, Jesper & Becker Jacobsen, Rikke & Henriksen, Edgar, 2015. "Contesting the social contracts underpinning fisheries—Lessons from Norway, Iceland and Greenland," Marine Policy, Elsevier, vol. 55(C), pages 64-72.
    9. Pies, Ingo, 2012. "Optimierung versus Koordinierung: Zur ordonomischen Klärung des wirtschaftsethischen Problems," Discussion Papers 2012-21, Martin Luther University of Halle-Wittenberg, Chair of Economic Ethics.
    10. Bhattacharya, Haimanti & Lueck, Dean, 2009. "The role of property rights in determining the environmental quality-income relationship," Ecological Economics, Elsevier, vol. 68(10), pages 2511-2524, August.
    11. Behringer, Stefan & Upmann, Thorsten, 2014. "Optimal harvesting of a spatial renewable resource," Journal of Economic Dynamics and Control, Elsevier, vol. 42(C), pages 105-120.
    12. Ben White, 2000. "A Review of the Economics of Biological Natural Resources," Journal of Agricultural Economics, Wiley Blackwell, vol. 51(3), pages 419-462, September.
    13. Brander, James A. & Scott Taylor, M., 1998. "Open access renewable resources: Trade and trade policy in a two-country model," Journal of International Economics, Elsevier, vol. 44(2), pages 181-209, April.
    14. Van Meir, Lawrence W., 1969. "An Economic Analysis of Policy Alternatives for Managing the Goerges Bank Haddock Fishery," Working Papers 232951, United States Bureau of Commercial Fisheries, Division of Economic Research.
    15. Julio Peña, 1996. "Regulación Pesquera en Chile: Una Perspectiva Histórica," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 33(100), pages 367-395.
    16. Quaas, Martin F. & Winkler, Ralph, 2025. "A market mechanism for sustainable and efficient resource use under uncertainty," Journal of Environmental Economics and Management, Elsevier, vol. 131(C).
    17. Richard Schwindt & Aidan R. Vining & David Weimer, 2003. "A Policy Analysis of the BC Salmon Fishery," Canadian Public Policy, University of Toronto Press, vol. 29(1), pages 73-93, March.
    18. Bruno Drouot, 2012. "Les facteurs explicatifs de la dépendance économique des patrons pêcheurs à une ressource naturelle : le cas de la pêcherie de bar commun en France," Post-Print hal-01870830, HAL.
    19. Diane P. Dupont, 2010. "Fisheries economics: cutting a broad swath in the field of scientific inquiry," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 54(3), pages 259-263, July.
    20. Gérard Gaudet, 2007. "Natural resource economics under the rule of Hotelling," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 40(4), pages 1033-1059, November.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:reviec:v:22:y:2014:i:1:p:167-169. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0965-7576 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.