Common Property Resources: Equal Split and Stand Alone Tests

Found at: https://hdl.handle.net/10535/5749
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Type:	Working Paper
Author:	Moulin, Hervé
Date:	1990
Agency:
Series:
URI:	https://hdl.handle.net/10535/5749
Sector:	Theory
Region:
Subject(s):	common pool resources--models cooperation--models
Abstract:	From p. 2: "The research surveyed in the paper provides a unified framework for discussing lower bounds, as well as upper bounds, in common property problems. An upper bound utility puts a ceiling on any given agent's possible gains, no matter what other agents preferences may be. Thus a minimal upper bound is the tightest cap on individual gains compatible with a similar cap on others. We use, again, the two examples of fair division and public good provision to illustrate the relevance of upper bounds."

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