A review of the economic theory of the commons
Type de matériel :
TexteLangue : français Détails de publication : 2017.
Sujet(s) : Ressources en ligne : Abrégé : This article proposes a review of the economic theory of common goods. The conditions in which the “Tragedy of the Commons” prevails are examined. Several examples of this tragedy, such as climate change, deforestation, urban congestion and the fiscal deficit are scrutinized. In each case, public policies are considered more often than institutional agreements between stakeholders or market approaches.JEL Codes: Q54, Q58, R41, R48, Q23, Q28, H63, H77.
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This article proposes a review of the economic theory of common goods. The conditions in which the “Tragedy of the Commons” prevails are examined. Several examples of this tragedy, such as climate change, deforestation, urban congestion and the fiscal deficit are scrutinized. In each case, public policies are considered more often than institutional agreements between stakeholders or market approaches.JEL Codes: Q54, Q58, R41, R48, Q23, Q28, H63, H77.
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