Wild fish are an
Unlike pure public goods, common resources face problems of congestion or
overuse, because they are rival.
A leading global issue involves the overuse of
Apr 21, 2016
Common-pool resources (CPR's, or
Dec 29, 2015
When economists describe a market using the supply and demand model, they often assume that the property rights for the good in question are well-defined ...
A resource, such as water or pasture, that provides users with tangible benefits. A
major concern with
Market Failure: Public Goods and
Jan 19, 2010