Tragedy of the Commons Question Hardin uses pasture land as his working example but toward the...

Tragedy of the Commons Question

Hardin uses pasture land as his working example but toward the end of his article mentions other resources to which the tragedy of the commons analysis applies: water and air, financial institutions that have a guarantee of government bailouts for losses, and public roads with no tolls. Do the following all have the same pattern of debate?

Expert Solution

The Tragedy of Commons is a frequently quoted article which Hardin had contributed to in the year 1968. Hardin rapidly helped in developing a clear idea, of why common resources such as pastures, water air etc are over exploited and how this problem can be addressed. Largely his ideas and debates on both pasture lands, and others such as government bailouts were similar and the debate thus had the same pattern.

In his article, he wrote about how the exploding population has had an effect on government expenditure and raised his focus on why exactly, governments have tried to control the problem. He correctly mentioned that common resources get depleted primarily because people having self interests fail to realize that their individual consumption patterns turn into collective problems for each one of them.

The government thus, can only bail out the common public to a certain extent and it is in the interest of the commons to utilize resources wisely so as to avoid the tragedy that the common resource dries out.

Therefore, the debate of the tragedy of commons, applies to all resources which are collectively used be it pastures, water, air or public roads the use of which are directly linked to every individuals consumption pattern. He correctly stated that the consumption of any individual should not hurt the other, and people should find a means to use the resources in a sustainable manner. This theory, therefore is picked by environmentalists and economists alike.

Please feel free to ask your doubts in the comments section if any.

Rahul Sunny answered 1 year ago

Cattle grazing in a farmer's pasture does not suffer from the tragedy of the commons but...

Cattle grazing in a farmer's pasture does not suffer from the tragedy of the commons but explains why are fish in the ocean an example of a resource that suffers from the tragedy of the commons? What is the marginal rate of substitution and how does it relate to an indifference curve?

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.

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.

Give an example of a modern day tragedy of the commons. Should there be any government...

Give an example of a modern day tragedy of the commons. Should there be any government intervention in the use of common resources and what would the consequences be if there were no government intervention in these circumstances? If government should intervene, how would you recommend that they solve the problem? Please yse at least 400 words.

Please explain the difference between "free-rider problem” and "tragedy of commons". Give an example for each...

Please explain the difference between "free-rider problem” and "tragedy of commons". Give an example for each one of them.

Question C A spacecraft for extrasolar travel uses a sail to reflect light back toward the...

Question C A spacecraft for extrasolar travel uses a sail to reflect light back toward the sun. At earth’s orbit the sunlight has an intensity of 1368 W/m2. The spacecraft has a mass of 2000 kg. a) [8] Determine the required sail to achieve an initial acceleration of the 9.8m/s2 b) [2] if it were black rather than reflective what would the initial acceleration be? Question D [8] Show that the units on the right side of eq 22-27 are...

In his 1960 article, ”The Problem of Social Cost,” Ronald Coase uses an example of a...

In his 1960 article, ”The Problem of Social Cost,” Ronald Coase uses an example of a rancher and a wheat farmer. The problem comes from the rancher’s cows crossing over onto the farmer’s ﬁelds and trampling his crop. For the next problems assume the damage to the farmer’s crops is $1,000 a year and the cost of putting up/maintaining a fence is $1,500 a year. 1. The farmer takes the rancher to court and the judge decides putting up a...

Question 63 The PMHNP is working with a father and his teenage daughter. The father has...

Question 63 The PMHNP is working with a father and his teenage daughter. The father has full custody of his daughter as of recently. He reports that the two of them get into arguments all the time over curfew, chores, and the daughter’s lack of responsibility that “she gets from her mother.” The daughter feels like the father never listens to her. Which of the following actions taken by the PMHNP demonstrates unbalancing the relationship? A. Telling the father that...

Question