Incomplete ownership, rent dissipation, and the return to related investments.

A study was conducted to examine in a general equilibrium model the welfare loss from free access resource use. Findings revealed that actions that intensify competition for a resource, either by lowering the private cost or raising the private benefit of using it, can raise the welfare loss above...

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Publicado en:	Economic Inquiry Vol. 32; pp. 655 - 684
Autor principal:	Deacon, Robert T.
Formato:	Artículo
Publicado:	Wiley-Blackwell October 1994
Materias:	Second best (Economic theory) Transaction costs Rent (Economic theory) Resource allocation > Mathematical models Mathematical models Resource exploitation Fisheries > Economic aspects Commons Groundwater Supply & demand
Acceso en línea:	Ver este registro en EBSCOhost