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Interpreting Common Ownership

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  • Hervé MOULIN

    (Duke University)

Abstract

The paper surveys, without proofs, recent axiomatic results on the utilization of common property resources, by this author and some others. Problems discussed include the division of unproduced commodities (the traditional fair division problem), and the cooperative production of a private or public good. Axioms contrast No Envy with two monotonicity properties, respectively when the population owning the resources in common increases, and when these resources themselves grow.

Suggested Citation

  • Hervé MOULIN, 1990. "Interpreting Common Ownership," Discussion Papers (REL - Recherches Economiques de Louvain) 1990033, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
  • Handle: RePEc:ctl:louvre:1990033
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    File URL: http://www.jstor.org/stable/40723930
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    References listed on IDEAS

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    1. Wolfgang Franz, 1980. "The Reservation Wage of Unemployed Persons in the Federal Republic of Germany: Theory and Empirical Tests," NBER Working Papers 0578, National Bureau of Economic Research, Inc.
    2. Minford, Patrick, 1983. "Labour Market Equilibrium in an Open Economy," Oxford Economic Papers, Oxford University Press, vol. 35(0), pages 207-244, Supplemen.
    3. Giersch, Herbert, 1985. "Eurosclerosis," Kiel Discussion Papers 112, Kiel Institute for the World Economy (IfW).
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    Cited by:

    1. Thomson, William, 2011. "Chapter Twenty-One - Fair Allocation Rules," Handbook of Social Choice and Welfare,in: K. J. Arrow & A. K. Sen & K. Suzumura (ed.), Handbook of Social Choice and Welfare, edition 1, volume 2, chapter 21, pages 393-506 Elsevier.

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