Posts Tagged ‘tragedy of the commons’

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    California and Greece

    Oct 2, 11 • 220 Views • No Comments

    It is good to pay fire fighters and police officers generously. It is good not to raise taxes. It is good to give voters what they want and get re-elected. As Michael Lewis describes in Vanity Fair, San Jose, California did everything that was...  [read more]

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    Unaffordable Sports Stadiums

    Jul 13, 11 • 284 Views • No Comments

    The year is 1996. The place is Hamilton County, Ohio. You are standing in a voting booth deciding whether to approve a .5% sales tax increase to help build and maintain 2 new sports stadiums. Although the spending will exceed $500 million, you have been...  [read more]

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    Driving Costs

    Jun 28, 11 • 301 Views • No Comments

    Describing traffic policy in several European cities, the NY Times tells of poorly synchronized green lights, congestion pricing, auto-free zones. When drivers are inconvenienced, there are fewer cars, fewer emissions, happier pedestrians and bikers. One...  [read more]

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    Bikes-For-Hire and the British Coastline

    Mar 8, 11 • 234 Views • No Comments

    London’s new bikes-for-hire program is about more than bikes. Launched this summer, the program had to solve a mismatch between supply and demand. In certain places there were too few bikes for the number of people who wanted them. In other spots, the...  [read more]

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    Economic Insight

    Nov 26, 10 • 234 Views • No Comments

    Have you ever looked at “The 3 Little Pigs” through an economic lens? Referring to the third little pig, Harvard economist Edward Glaeser suggests the fairy tale is about investing wisely. In my econ class, a student used opportunity cost analysis...  [read more]