Question

In: Economics

Consider what you read in The Tragedy of Commons and write a 2 to 3 page...

Consider what you read in The Tragedy of Commons and write a 2 to 3 page paper describing how Hardin formulates the population problem.
Evaluate his assumptions and his solutions in light of other evidence from the course.

Solutions

Expert Solution

                        The Tragedy of commons is a situation in the shared resource system where the individual users while making use of the shared resource system would in their self-interest would behave contrary to the common good of all the users by depleting the resource through their collective action. It was conceptualised by the unregularized grazing on a common land. The concept said that on a land that could sustain some number of sheep, if one more quantity is added, it is difficult to find out the small change in the input, but the consumption of other sheeps would fall by a number which could affect the income of their owners. This means that the added sheep and its owner would get an added benefit of double the current benefit whereas the other people would get a lower benefit due to this. This is an example of the free-rider problem in economics.

                        The Malthusian concept of population growth and the effects it has on the society is also a consideration for the same. It was stated that the increasing population growth in an unscientific manner would result in the depletion of resources and the effect would be disadvantageous for the existing consumers as they would have to consume on a lower input. Hardin relates this problem also to the concept of ‘Prisoner’s dilemma’ and the excess need of wants in the society. According to Hardin, certain groups of people are responsible for the free-rider mechanism in the society due to which other members of the society would have a disadvantageous consumption pattern which may affect the productivity and the efficiency of the society and the economy as a whole. He argues on the concept of ‘mutually agreed upon coercion’ and according to him, the problem lies with those nations that have a higher fertility rate, which are usually the poorest and low industrialised nations.

                        According to Hardin, one way to address this problem would be to privatise the commons. If the resources were owned privately, the people with higher fertility rates would have to compete in the marketplace for the resources. This might lead to policies that might result in the reduction of the population growth in the society. He does not agree with the Malthusian concept of ‘moral restraint’ from breeding as it is an individual choice. He also states that too many people would produce too many wastes which could lead to an increased pollution in the ecosystem which would have a considerable effect on the economy of the nation and finally the wealthy countries would have to provide assistance to the poorer countries to overcome these effects. The solution provided by Hardin is increased privatisation of the property and prices so that they are not available at a price that would reward the free-riders in the society. The concept of demographic transition in a nation and the effects of the same has also to be considered in this regard. On analysis, it is also seen that the average consumption and the footprint of America is almost 20 times that of Bangladesh which reveals that the lion’s share of the consumption of resources are done by the western nations. He also had an insights that individual rational behaviour would lead to collectively irrational outcomes.


Related Solutions

What is the “tragedy of the ecosystem commons (or services)”?
What is the “tragedy of the ecosystem commons (or services)”?
What is the tragedy of the commons? Give an example.
What is the tragedy of the commons? Give an example.
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.
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?
What is the tragedy of the commons? Give an example that is not in the book....
What is the tragedy of the commons? Give an example that is not in the book. Please include resources with your posting.
Q. What do you understand by the expression ‘ The tragedy of Commons’ as described in...
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.
Consider the Tragedy of the Commons game from the chapter with two shepherds, A and B,...
Consider the Tragedy of the Commons game from the chapter with two shepherds, A and B, where sA and sB denote the number of sheep each grazes on the common pasture. Assume that the benefit per sheep (in terms of mutton and wool) equals 500-sA-sB implying that the total benefit from a flock of sA sheep is sA(500-sA-sB) and that the marginal benefit of an additional sheep (which is defined by the first partial derivative with respect to sA of...
B. What is meant by ‘The Tragedy of the Commons” and how does it impact the...
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...
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...
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.
Explain what is meant and free riders and the tragedy of the commons. Describe how they...
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
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT