Suppose that the fishery example discussed in the chapter was not a common property resource but a
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Suppose that the fishery example discussed in the chapter was not a common property resource but a fishery in a lake owned by an individual or a single firm. The owner could choose to allow fishing and charge a fee for access to the lake. How would the economic logic differ from the common property resource case? Would there be a greater net social benefit? Who would receive this net social benefit?
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Environmental And Natural Resource Economics A Contemporary Approach
ISBN: 9781138659476
4th Edition
Authors: Jonathan M. Harris, Brian Roach
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