Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/119521
Authors: 
de Dios, Emmanuel S.
Year of Publication: 
2015
Series/Report no.: 
Discussion Paper, School of Economics, University of the Philippines 2015-03
Abstract: 
A framework is proposed to subsume public goods and common-pool resources, respectively, as specific cases of positive and negative externalities. A pure public good is a positive externality whose appropriable benefits are too small or too uncertain relative to the high private cost for anyone to produce it in any amount. The common-pool problem is a case where each agent's action imposes a negative externality on everyone else.
Subjects: 
public goods
common-pool resources
positive and negative externalities
JEL: 
D61
D62
H41
H42
Document Type: 
Working Paper

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