Completing Ostrom’s Table: A Note on the Taxonomy of Goods

Emmanuel de Dios ()

No 201503, UP School of Economics Discussion Papers from University of the Philippines School of Economics

Abstract: A framework is proposed to subsume public goods and common-pool resources, respectively, as specific cases of positive and negative externalities. A pure public good is a positive externality whose appropriable benefits are too small or too uncertain relative to the high private cost for anyone to produce it in any amount. The common-pool problem is a case where each agent’s action imposes a negative externality on everyone else.

Keywords: public goods; common-pool resources; positive and negative externalities (search for similar items in EconPapers)
JEL-codes: D61 D62 H41 H42 (search for similar items in EconPapers)
Pages: 8 pages
Date: 2015-03
New Economics Papers: this item is included in nep-env and nep-sea
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Published as UPSE Discussion Paper No. 2015-03, March 2015

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Persistent link: https://EconPapers.repec.org/RePEc:phs:dpaper:201503

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