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Tragedy of the Commons https://en.wikipedia.org/wiki/Tragedy_of_the_commons https://en.wikipedia.org/wiki/Tragedy_of_the_commons Tragedy of the Anticommons htt
by qznc 10y ago
Tragedy of the Commons https://en.wikipedia.org/wiki/Tragedy_of_the_commons https://en.wikipedia.org/wiki/Tragedy_of_the_commons
Tragedy of the Anticommons https://en.wikipedia.org/wiki/Tragedy_of_the_anticommons https://en.wikipedia.org/wiki/Tragedy_of_the_anticommons
Unscrupulous diner's dilemma https://en.wikipedia.org/wiki/Unscrupulous_diner%27s_dilemma https://en.wikipedia.org/wiki/Unscrupulous_diner%27s_dilemma
The usual solution to these problems is regulation by government.
- haltingthoughts 10y agoHow do these apply to what we are considering here?
- qznc 10y agoWhich one? The high rents in SV? That would be Tragedy of the anticommons. The single resource is the land. The numerous rightsholders are the landlords and whoever profits from high rents. This assumes that zoning laws are the biggest issue and some people would argue against that. The more general question was how free trade, where both trade partners voluntarily participate, can lead to bad outcomes. The answer is that a non-trading third party can be harmed and the environment can be harmed. Those Wikipedia links provide many examples.