In Praise of the Commons: Another Case Study
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Date
2001
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Abstract
Subsequently published under the same title in the European Journal of Law and Economics, 12: 159-171 2001.
"Common-pool allocation systems do not have the best of reputations in economic literature, since they are normally connected with the dissipation of rents. The present case study argues that in the case of procurement and allocation of human organ transplants a reciprocal common-pool allocation system is superior other systems, including market allocation."
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Keywords
common pool resources, medicine, markets--theory, economics--theory, incentives