‘Tragedy of the Commons’ can result when common property rights exist for a scarce resource. For example, a fish swimming free in the open ocean is the legal property of no one. It is common property until someone catches it. Common property rights fail to create individual incentives to economize on the use of resources such as wild fish. A tragedy results when the number of fish caught each year exceeds the sustainable yield of the fishery.
Only by harvesting the common property, catching the fish, can an individual fisher benefit from it. Individual efforts to conserve the scarce common resource–such as limiting the type, size, or number of fish caught–do not directly benefit the fisher making the effort. Any other fisher is free to catch the fish that another refrains from catching. This imbalance of incentives between using and conserving the common resource can cause so many fish to be caught that the fish population decreases to a level too low for the fish to reproduce in commercial quantities.
Many species of fish have been or are being overfished, and many skies are being polluted. Although common property rights create the conditions for overfishing and overpolluting,changes in supply and demand can worsen the extent of both. Government policies can also help or hurt. Economic analysis helps us understand the many sources of overfishing and over-polluting and helps us design solutions to preserve the bounty of the oceans and the lungs of the planet."*
Creating private property rights to the earth’s atmosphere is at least as difficult as creating private property rights to the fish swimming in theearth’s oceans. How is air pollution an example of the Tragedy of the Commons?What are some of the market and non-market methods that might be used to address Tragedy of the Commons problems?
Our Service Charter
Excellent Quality / 100% Plagiarism-FreeWe employ a number of measures to ensure top quality essays. The papers go through a system of quality control prior to delivery. We run plagiarism checks on each paper to ensure that they will be 100% plagiarism-free. So, only clean copies hit customers’ emails. We also never resell the papers completed by our writers. So, once it is checked using a plagiarism checker, the paper will be unique. Speaking of the academic writing standards, we will stick to the assignment brief given by the customer and assign the perfect writer. By saying “the perfect writer” we mean the one having an academic degree in the customer’s study field and positive feedback from other customers.
Free RevisionsWe keep the quality bar of all papers high. But in case you need some extra brilliance to the paper, here’s what to do. First of all, you can choose a top writer. It means that we will assign an expert with a degree in your subject. And secondly, you can rely on our editing services. Our editors will revise your papers, checking whether or not they comply with high standards of academic writing. In addition, editing entails adjusting content if it’s off the topic, adding more sources, refining the language style, and making sure the referencing style is followed.
Confidentiality / 100% No DisclosureWe make sure that clients’ personal data remains confidential and is not exploited for any purposes beyond those related to our services. We only ask you to provide us with the information that is required to produce the paper according to your writing needs. Please note that the payment info is protected as well. Feel free to refer to the support team for more information about our payment methods. The fact that you used our service is kept secret due to the advanced security standards. So, you can be sure that no one will find out that you got a paper from our writing service.
Money Back GuaranteeIf the writer doesn’t address all the questions on your assignment brief or the delivered paper appears to be off the topic, you can ask for a refund. Or, if it is applicable, you can opt in for free revision within 14-30 days, depending on your paper’s length. The revision or refund request should be sent within 14 days after delivery. The customer gets 100% money-back in case they haven't downloaded the paper. All approved refunds will be returned to the customer’s credit card or Bonus Balance in a form of store credit. Take a note that we will send an extra compensation if the customers goes with a store credit.
24/7 Customer SupportWe have a support team working 24/7 ready to give your issue concerning the order their immediate attention. If you have any questions about the ordering process, communication with the writer, payment options, feel free to join live chat. Be sure to get a fast response. They can also give you the exact price quote, taking into account the timing, desired academic level of the paper, and the number of pages.