All Posts Tagged With: "Garrett Hardin"

The Economics of Property Rights

Property rights play a critical role in a wide range of economic institutions. From understanding why owners are generally better stewards of property than renters to finding ways to resolve environmental problems, property rights are at the center of the analysis. It is unsurprising, therefore, that economics offers important insights into property rights. The economic [...]

1Mar2007 | Andrew P. Morriss | 22 comments | Continued

Tragedy in the Judicial Commons

If you think that people who have been exposed to asbestos have the right to sue asbestos manufacturers for damages . . . or that individuals exposed to mercury or lead should be able to sue . . . or that everyone who has been X-rayed by doctors or dentists should be able to sue [...]

1Aug2002 | David N. Laband | 0 comments | Continued

Regulating Biodiversity: Tragedy in the Political Commons

David Laband teaches natural resources economics and policy at the Forest Policy Center in the School of Forestry and Wildlife Sciences at Auburn University. Last summer, lightning struck and killed an enormous pine tree on one side of my backyard. At about the same time, voracious pine bark beetles girdled and killed an equally impressive [...]

1Sep2001 | David N. Laband | 0 comments | Continued

The Commons: Tragedy or Triumph?

In the summer I watch ruby-throated hummingbirds fly and hover near a feeder that my wife, Dot, carefully fills with nectar and hangs in view of our kitchen window. The store-bought nectar is colored red, since people think that hummingbirds find that color attractive. Business around the feeder picks up following rains that wash away [...]

1Apr1999 | Bruce Yandle | 9 comments | Continued

Law, Custom, and the Commons

Dr. Simmons heads the political science department of Utah State University and is a senior associate of PERC (Political Economy Research Center) in Bozeman, Montana. Free and unregulated access to scarce resources has long been recognized as a serious problem. Two thousand years ago Aristotle wrote: “What belongs in common to the most people is [...]

1Feb1997 | Randy T. Simmons | 0 comments | Continued
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