James M. Buchanan, Yong J. Yoon
Abstract
This article analyzes usage of a common property resource, "the commons," under collectivisation as compared with more familiar privatisation institutional arrangements.
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This article analyzes usage of a common property resource, "the commons," under collectivisation as compared with more familiar privatisation institutional arrangements.
Key concepts: Commons, Common-pool resource, Common property, Property (philosophy), Law and economics, Business, Resource (disambiguation), Political science