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Tragedy of the commons
Individuals will use shared/publix resources in their own self interest, degrading them
Example of degradation
Overgrazed land, overfishing, water and air pollution, overuse of ground water
Negative consequence of overfishing
Can lead to fishery collapse (population crash) loss of income and starvation
Consequences of air pollution from coal power plants
Can lead to bronchitis, asthma, increased healthcare costs
Pesticide use on farms consequences
Runoff from farms can contaminate drinking water
Externalities
negative costs associated with human actions, that aren’t accounted for in the price (unintended side-effects).
Manages rangelands in western US by
collecting grazing fees from ranchers,
evaluating land, and repairing effects of
overgrazing
BLM (Bureau
of Land
Management)
Private land ownership (individual or gov.)
How to Solve the TOC
Fees or taxes for use
○ Ex: permit system for grazing, logging
● Taxes, fines, criminal charges for pollution
or shared air/soil/water resources
Clean Air Act
U.S. federal law that regulates air emissions to protect human health and the environment from pollution
Clean water act
enacted to restore and maintain the quality of the nation's waters by regulating the discharge of pollutants into surface waters.
Safe drinking water act
the main U.S. federal law (1974, amended) giving the EPA power to set national health-based standards for drinking water quality, regulating contaminants in public water systems (tap water, rivers, lakes, groundwater) to protect public health from waterborne diseases