Here's a video of Nobel Laureate-to-be Elinor Ostrom explaining the Tragedy of the Commons and her take on institutions and social rules that lessen the Tragedy.
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October 13, 2009
Ostrom's take on the Tragedy of the Commons
Posted by Tim Haab on October 13, 2009 at 09:45 AM in Ecological Economics, Fishery Resources, Forestry Resources, Government Policy, Microeconomics | Permalink
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Who Knows What Willingness to Pay Lurks in the Hearts of Men? A Rejoinder to Egan, Corrigan, and Dwyer
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