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Your understanding of the tragedy of the commons is not accurate. Cases of pollution in public waters are typically prime examples of tragedies of the commons.
by EB66 8y ago
Your understanding of the tragedy of the commons is not accurate. Cases of pollution in public waters are typically prime examples of tragedies of the commons. Just because it's a "negative economic externality" does not mean that it is not a tragedy of the commons. Even the wiki page for tragedy of the commons lists "water pollution" as an example: https://en.wikipedia.org/wiki/Tragedy_of_the_commons#Examples https://en.wikipedia.org/wiki/Tragedy_of_the_commons#Example...
Maximizing yield via regulation is usually the ECON101 lesson that accompanies discussions about the tragedy of the commons.
- wespiser_2018 8y agoStill, I disagree, the mainstay of Tragedy of the Commons is about resource management through regulation, which does not apply well to oceans plastics. The "Water Pollution" example provided is about water management for the purposes of irrigation, and pollution of groundwater that needed for said irrigation. Ocean plastics could be different, if its just the systematic degradation of an ecosystem, orthogonal to resource management interests.
- EB66 8y ago:smh: