Privatizing the Commons: The Distribution of Total Product

Peter Terrebonne
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Peter Terrebonne: Georgia State University

Eastern Economic Journal, 1993, vol. 19, issue 2, 165-171

Abstract: Most research on common property has focused upon the implications of property rights for the maximization of social product. Paul Samuelson and Martin Weitzman looked at distribution and concluded that converting common property will reduce the product received by former users of common property. It is argued here that the product received by former users of common property depends upon the distribution of the newly created private rights.

Keywords: Commons; Privatizing (search for similar items in EconPapers)
JEL-codes: L33 Q21 (search for similar items in EconPapers)
Date: 1993
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Persistent link: https://EconPapers.repec.org/RePEc:eej:eeconj:v:19:y:1993:i:2:p:165-171

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