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Interpreting Common Ownership

  • Hervé Moulin (a1)

Abstract

The paper surveys, without proofs, recent axiomatic results on the utilization of common property resources, by this author and some others. Problems discussed include the division of unproduced commodities (the traditional fair division problem), and the cooperative production of a private or public good.

Axioms contrast No Envy with two monotonicity properties, respectively when the population owning the resources in common increases, and when these resources themselves grow.

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