Keyword: commons goods
Market Intervention and Regulation (7/7/2006)
Market regulation may be justified under some circumstances to increase economic efficiency.
Keywords: antitrust, asymmetric information, commons goods, cost effectiveness, intervention, lemons, market, pollution, prescription drugs, public goods, Regulation
Shovelers Keepers? (6/7/2004)
Uncertain property rights will lead to either underinvestment or unnecessary disputes.
Keywords: claim, commons goods, parking space, private goods, property rights, snow