Common Property Resources: Equal Split and Stand Alone Tests

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."