L’efficacité économique du mode d’allocation des ressources naturelles

Nguyen Manh Hung
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Nguyen Manh Hung: École des Hautes Études commerciales (Montréal)

L'Actualité Economique, 1975, vol. 51, issue 3, 405-419

Abstract: In this paper, the decentralized economic allocation of a common property resource is fully characterized in a dynamic framework. Because of the externalities involved, this mode of allocation is shown to be inefficient. The extent and the causes of this inefficiency are discussed, with special emphasis on a kind of externality herein called the "appropriability". Finally, economic policies involving taxation, subsidy and user charge which purpose to bring about the social optimum are pointed out.

Date: 1975
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Persistent link: https://EconPapers.repec.org/RePEc:ris:actuec:v:51:y:1975:i:3:p:405-419

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