Consumption of Private Goods as Substitutes for Environmental Goods in an Economic Growth Model
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چکیده
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New Forms of Private Property: Property Rights in Environmental Goods
This entry examines the relationship between property rights and environmental protection. According to the ‘tragedy of the commons’ model, environmental pollution and resource depletion result from the inadequate specification of property rights in environmental goods. Two solutions typically are offered for averting the ‘tragedy’: (1) specify property rights (that is, privatize the commons) o...
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It is well known that cigarette smoking and the use of other addictive goods is harmful to health. Still, some people smoke cigarettes and drink alcohol in their daily lives. The consumption of addictive goods seems, therefore, to be the antithesis of rational behavior. In this article, however, it is demonstrated that a rational individual, in the sense that he or she maximizes his or her well...
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Public Provision of Private Goods
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ژورنال
عنوان ژورنال: Nonlinear Analysis: Modelling and Control
سال: 2005
ISSN: 2335-8963,1392-5113
DOI: 10.15388/na.2005.10.1.15132