law - week 7 - the tragedy of the commons

tragedy of the commons

using too many resources diminishes resources + enjoyment for others

ways to prevent it

• preserve the common ownership but increase regulation

• preserve the common ownership but grant temporary exploitation right

• eliminate common ownership and grant ownership to the state

• eliminate common ownership and grant ownership to private persons

property

ownership of a thing is the right to possess and use thing to the exclusion of others

categories of property

land and improvement of land:

• common law system: real property

• civil law system: immovable property

all other property:

• common law system: personal property

  • civil law system: movable property

categories of personal/movable property

tangible personal/movable property: physical/corporal existence

intangible personal/immovable property: all other physical/movable property