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An Inquiry into Well-Being and Destitution$
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Partha Dasgupta

Print publication date: 1995

Print ISBN-13: 9780198288350

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0198288352.001.0001

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Public Goods and Common‐Property Resources 1

Public Goods and Common‐Property Resources 1

(p.159) *6 Public Goods and Common‐Property Resources1
An Inquiry into Well-Being and Destitution

Partha Dasgupta (Contributor Webpage)

Oxford University Press

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

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