Abstract
Many of our natural resources, such as air and water, are considered common goods and, therefore, privately-controlled processes that affect these common goods, such as their extraction, production, and disposal, require state and federal regulation. Many common resources or goods are economically considered to be nonexclusive resources because of the general inability for one entity to claim the resource as being private property that can be excluded from use by other entities. Conversely, those commodities that are exclusive infer property rights, such that a price can be collected for an economic gain from the use of these goods by others.
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Landmeyer, J.E. (2012). Economic and Regulatory Factors That Affect the Phytoremediation of Groundwater. In: Introduction to Phytoremediation of Contaminated Groundwater. Springer, Dordrecht. https://doi.org/10.1007/978-94-007-1957-6_10
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DOI: https://doi.org/10.1007/978-94-007-1957-6_10
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