Pure Public Goods versus Commons: Benefit-Cost Duality
This paper utilizes benefit-cost duality to differentiate the problems associated with a pure public good from the problems associated with a commons. For the public good scenario, contributors’ benefits are public or available to all, while provision costs impact only the contributor. In a commons, crowding costs are public, while benefits affect only the user. Although both problems possess the same game form for their canonical representations, collective-action implications differ: for example, the relative positions of the Nash equilibrium and Pareto optimum, the form of the exploitation hypothesis, and the need for selective incentives or punishments.
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Vicary, Simon & Sandler, Todd, 2002. "Weakest-link public goods: Giving in-kind or transferring money," European Economic Review, Elsevier, vol. 46(8), pages 1501-1520, September.
- Cornes, Richard & Hartley, Roger & Sandler, Todd, 1999.
"Equilibrium Existence and Uniqueness in Public Good Models: An Elementary Proof Via Contraction,"
Staff General Research Papers Archive
1630, Iowa State University, Department of Economics.
- Cornes, Richard & Hartley, Roger & Sandler, Todd, 1999. " Equilibrium Existence and Uniqueness in Public Good Models: An Elementary Proof via Contraction," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 1(4), pages 499-509.
- Richard Cornes & Roger Hartley & Todd Sandler, 1999. "Equilibrium Existence and Uniqueness in Public Good Models: An Elementary Proof via Contraction," Keele Department of Economics Discussion Papers (1995-2001) 99/02, Department of Economics, Keele University.
- Robert H. Haveman, 1973. "Common Property, Congestion, and Environmental Pollution," The Quarterly Journal of Economics, Oxford University Press, vol. 87(2), pages 278-287.
- Jack Hirshleifer, 1983. "From weakest-link to best-shot: The voluntary provision of public goods," Public Choice, Springer, vol. 41(3), pages 371-386, January.
- Keith Hartley & Todd Sandler, 2001. "Economics of Alliances: The Lessons for Collective Action," Journal of Economic Literature, American Economic Association, vol. 39(3), pages 869-896, September.
- McGuire, M.C. & Andreoni, J., 1991.
"Identifying the Free Riders: A Simple Algorithm for Determining who will Contribute to Public Good,"
90-92-03, California Irvine - School of Social Sciences.
- Andreoni, James & McGuire, Martin C., 1993. "Identifying the free riders : A simple algorithm for determining who will contribute to a public good," Journal of Public Economics, Elsevier, vol. 51(3), pages 447-454, July.
When requesting a correction, please mention this item's handle: RePEc:uwp:landec:v:79:y:2003:i:3:p:355-368. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ()
If references are entirely missing, you can add them using this form.