1. Common Property Resources and Public Goods
Chapter Thirteen:
Common Property Resources and Public Goods

2. Goods Other Than Private Goods

3. Table 13.1: Classification of Different Types of Goods

4. Artificially Scarce Goods

5. Figure 13.1: The Market for an Artificially Scarce Good (Cable Television)
The socially efficient level of provision is to supply cable television to 120,000 households, but at the market price of $30/ month, only 80,000 households are willing to pay for a subscription.

6. Common Property Resources

7. Figure 13.2: Common Property Model of a Fishery
The unregulated outcome will result in Te fishing trips. But above T0 trips, each additional trip imposes a cost on other fishers. The socially efficient level of fishing trips is T*.

8. Public Goods

9. Figure 13.3: The Benefits of Public Goods
The aggregate social marginal benefits of supplying public goods can be obtained by vertically adding each individual’s marginal benefit curve.

10. Climate Change

11. Figure 13.4: Past and Projected Global Emissions of Carbon Dioxide, 1990-2035
Global emissions of carbon dioxide are projected to increase 30 percent between 2015 and 2035, with most of the increase a result of higher emissions in developing countries.
Source: United States Energy Information Administration database.
Note: OECD is the Organisation for Economic Co-Operation and Development, comprised mostly of developed nations.