Public Goods and Common‐Property Resources <sup>1</sup>

Partha Dasgupta

in An Inquiry into Well-Being and Destitution

Published in print June 1995 | ISBN: 9780198288350
Published online November 2003 | e-ISBN: 9780191596094 | DOI:
 Public Goods and Common‐Property Resources  1

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The main part of this chapter discusses resource allocation mechanisms in seven sections: (1) resources and property rights; (2) markets and market mechanisms; (3) culture and market transactions; (4) externalities: public goods and common property resources; (5) infrastructure and fixed costs; (6) private and public realms, and private and collective (public) goods; and (7) knowledge, organization, and economic growth. An extra and separate section (designated Chapter *6) gives theoretical presentations on two aspects of public goods and common property resources: (1) the theory of public goods; and (2) the problem of the commons.

Keywords: common property resources; commons; costs; culture; economic development; externalities; infrastructure; markets; private goods; property rights; public goods; resource allocation

Chapter.  2878 words.  Illustrated.

Subjects: Economic Development and Growth

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