Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
Common Resources
Chapter 11
Copyright 2001 by Harcourt, Inc.
All rights reserved. Requests for permission to make copies of any part of
the
work should be mailed to:
Permissions Department, Harcourt College Publishers,
Harcourt, Inc. items and derived items copyright 2001 by Harcourt, Inc.
Harcourt, Inc. items and derived items copyright 2001 by Harcourt, Inc.
Harcourt, Inc. items and derived items copyright 2001 by Harcourt, Inc.
Harcourt, Inc. items and derived items copyright 2001 by Harcourt, Inc.
Harcourt, Inc. items and derived items copyright 2001 by Harcourt, Inc.
Rivalness
One persons use of the good
diminishes another persons
enjoyment of it.
Harcourt, Inc. items and derived items copyright 2001 by Harcourt, Inc.
Goods
Public Goods
Common Resources
Natural Monopolies
Harcourt, Inc. items and derived items copyright 2001 by Harcourt, Inc.
Types of Goods
Private
Are
Public
Are
Goods
Goods
Harcourt, Inc. items and derived items copyright 2001 by Harcourt, Inc.
Types of Goods
Common
Are
Natural
Are
Resources
Monopolies
Harcourt, Inc. items and derived items copyright 2001 by Harcourt, Inc.
Types of Goods
Rival?
Yes
Private Goods
Yes
No
Natural Monopolies
Ice-cream cones
Fire protection
Clothing
Cable TV
Congested toll roads Uncongested toll
roads
No
Harcourt, Inc. items and derived items copyright 2001 by Harcourt, Inc.
National de
fense
Knowledge
Uncongested nontoll
roads
Harcourt, Inc. items and derived items copyright 2001 by Harcourt, Inc.
Harcourt, Inc. items and derived items copyright 2001 by Harcourt, Inc.
Harcourt, Inc. items and derived items copyright 2001 by Harcourt, Inc.
Defense
Basic Research
Programs to Fight Poverty
Harcourt, Inc. items and derived items copyright 2001 by Harcourt, Inc.
Are Lighthouses
Public Goods?
Harcourt, Inc. items and derived items copyright 2001 by Harcourt, Inc.
Cost-Benefit Analysis
Harcourt, Inc. items and derived items copyright 2001 by Harcourt, Inc.
Cost-Benefit Analysis
Common Resources
Common resources, like public
goods, are not excludable. They are
available free of charge to anyone
who wishes to use them.
Harcourt, Inc. items and derived items copyright 2001 by Harcourt, Inc.
Common Resources
Common resources are rival
goods because one persons use
of the common resource reduces
other peoples use.
Harcourt, Inc. items and derived items copyright 2001 by Harcourt, Inc.
Examples of Common
Resources
Clean
Harcourt, Inc. items and derived items copyright 2001 by Harcourt, Inc.
Harcourt, Inc. items and derived items copyright 2001 by Harcourt, Inc.
Importance of
Property Rights
The market fails to allocate resources
efficiently when property rights are
not well-established (i.e. some item of
value does not have an owner with the
legal authority to control it).
Harcourt, Inc. items and derived items copyright 2001 by Harcourt, Inc.
Importance of
Property Rights
When the absence of property
rights causes a market failure, the
government can potentially solve
the problem.
Harcourt, Inc. items and derived items copyright 2001 by Harcourt, Inc.
Summary
Goods
Harcourt, Inc. items and derived items copyright 2001 by Harcourt, Inc.
Summary
Public
Summary
Common
Harcourt, Inc. items and derived items copyright 2001 by Harcourt, Inc.