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Comments on Elinor Ostrom's 'Governing the Commons'

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dc.contributor.author Silvestre, Joaquim
dc.date.accessioned 2009-09-25T18:45:11Z
dc.date.available 2009-09-25T18:45:11Z
dc.date.issued 1992 en_US
dc.identifier.uri https://hdl.handle.net/10535/4972
dc.description.abstract "Governing the Commons offers important insights to a variety of issues, in particular to the design of stable and robust institutions, the creation of norms and the process of institutional change. I have nothing to say on these. My comments will focus on a different theme, dear to economists but which the book leaves somewhat implicit, namely the analysis of external effects. External effects (or externalities) can refer to production, to consumption or to both, and can be positive or negative. We say that producer A causes a negative external effect on producer B when an increase in A's production level reduces the amount (or quality) of the output that B can obtain with a given combination of inputs. A negative external effect induces a discrepancy between the private cost of intensifying A's activity (that is, the additional cost to producer A) and the social cost, which includes the additional cost imposed on B. The examples of Common Pool Resources discussed in Governing the Commons are particular instances of negative external effects in production." en_US
dc.language English en_US
dc.subject common pool resources en_US
dc.subject Ostrom, Elinor en_US
dc.subject Workshop en_US
dc.title Comments on Elinor Ostrom's 'Governing the Commons' en_US
dc.type Conference Paper en_US
dc.type.published unpublished en_US
dc.type.methodology Case Study en_US
dc.subject.sector Theory en_US
dc.identifier.citationconference APSA Annual Meeting en_US
dc.identifier.citationconfdates September 4, 1992 en_US
dc.identifier.citationconfloc Chicago, IL en_US

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