• Commons and the Optimal Number of Firms, The 

        Author(s):Cornes, R.; Mason, Charles F.; Sandler, T.
        Date:1986-08-01
        The “problem of the commons” is a frequently cited example of market failure in which exploiters’ pursuit of profits does not lead to the attainment of a social or Pareto optimum. In particular, a free-access equilibrium ...