law - week 7 - the tragedy of the commons

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5 Terms

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tragedy of the commons

using too many resources diminishes resources + enjoyment for others

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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

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property

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

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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

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categories of personal/movable property

tangible personal/movable property: physical/corporal existence

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