Tragedy of Commons and the Housing Bubble crash in 2008.
Using the Tragedy of Commons as your reference, provide a brief and
simplified 400-500 word description of what happened with the
housing market and the Subprime mortgage fiasco.
B. What is meant by ‘The Tragedy of the Commons” and how does it
impact the issues of pollution and resource depletion? Make sure
you deal with how it serves to create certain types of
production.
What are the implications of the tragedy of the anti commons.
Are their any modern examples or is this an antiquated issue. List
features of both the tragedy of anti commons and the features of
the tragedy of the commons. Do they have anything in common?
List the features of the a) tragedy of the commons and b) the
anticommons. What do these tragedies have in common? How are they
different? Give an example of each and propose a solution using the
tools of law and economics.
Consider the article Tragedy of the Commons. Professor Hardin
argues in favor of mutally agreed upon mutual coercion to avoid a
tragedy of the commons. Americans are notoriously resistant to
being coerced to do anything. Why does he think coercion is the way
forward with respect to the commons? What does it have to do with
bank robbers and taxes? How does it relate to private property and
our inheritance laws?
Explain what is meant and free riders and the tragedy of the
commons.
Describe how they can be addressed through the generic policy
mechanisms
Can we ever be successful in solving free rider and tragedy of
the common’s problems? Why or why not? Explain
Q. What do you understand by the expression ‘ The tragedy of
Commons’ as described in your text -book? In light of the same, can
you think of a modern example of the tragedy of the commons, where
public use without accountability has created a negative outcome?
Please elaborate
500 to 600 words
subject: Introduction to sociology.