---Steven Bissell <[log in to unmask]> wrote:
It sounds as if you've given emperical evidence to support Garret
Hardin's
"Tragedy of the Commons" theory. That in itself is significant because
many
economists have said there is no "tragedy" at all.
--------
The primary reason for this is that the "tragedy of the commons" as
posited by Garret Hardin can be solved by the introduction of property
rights. The problem is that of an externality and the introduction
internalizes the externality and there is no problem.
Steve
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