Coasean versus Pigovian solutions to the problem of social cost: the role of common entitlements
This paper works towards drawing a proper relationship between the Coasean and Pigovian approaches that should be based on the distinction between individual/private and shared/common entitlements. Because of the specific goals of his work, Coase (1960) does not make an explicit distinction between...
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| Format: | Article |
| Language: | English |
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Utrecht University Library Open Access Journals (Publishing Services)
2017-10-01
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| Series: | International Journal of the Commons |
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| Online Access: | https://www.thecommonsjournal.org/articles/781 |