DISTRIBUTING THE BENEFITS FROM THE COMMONS - A SQUARE-ROOT FORMULA

Authors
Citation
J. Silvestre, DISTRIBUTING THE BENEFITS FROM THE COMMONS - A SQUARE-ROOT FORMULA, The Scandinavian journal of economics, 100(3), 1998, pp. 627-642
Citations number
16
Categorie Soggetti
Economics
ISSN journal
03470520
Volume
100
Issue
3
Year of publication
1998
Pages
627 - 642
Database
ISI
SICI code
0347-0520(1998)100:3<627:DTBFTC>2.0.ZU;2-X
Abstract
What should be the distribution of the benefits of a fishery (or commo n-pool resource) where a group of fishers catch fish and sell it to co nsumers? I propose that, for each person i, where i is a fisher or a c onsumer, i's returns should be proportional to i's contributions. Unex pectedly, this implies that the fraction of benefits accruing to consu mers must be root value of total output of fish/root value of total ou tputs of fish + root value of total fisheres' labor.