Posts Tagged ‘tragedy of the commons’

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    Economic Insight

    Nov 26, 10 • 115 Views • Environment, Thinking EconomicallyNo 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...

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    Utilities Included

    Aug 17, 10 • 101 Views • Demand, Supply, and Markets, Economic Thinkers, Environment, Households, Thinking EconomicallyNo Comments

    In NYC, there are 250,000 housing units that use more electricity than most others. The reason? Buildings without meters for each apartment have leases that say “utilities included”. So, whether tenants use more or less power, the rent is the...

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    Environmental Emissions

    Jun 25, 10 • 111 Views • Environment, Regulation1 Comment

    A letter in “The Mail” section of a recent New Yorker tells us about a funny error on the cover of the May 17, 2010 issue. Mainly portraying emissions from vehicles, factories, and cows, the cover focuses on our environmental problems. According...

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    Deficits and the Tragedy of the Commons

    May 7, 10 • 97 Views • Environment, GovernmentNo Comments

    Pondering Greece, I wondered about the individual and the state.  Sometimes what is good for one person is bad for all.  That took me to a graphic of the federal budget in 2020 in which entitlements, which are good for individuals, are dominant. The...

  • Congestion Pricing in Israel

    Dec 22, 09 • 102 Views • Thinking EconomicallyNo Comments

    Run privately, guaranteeing 70kph (43.5 mph), a toll lane will be created on a busy Israeli road. More traffic–price up; less traffic, price drops. Another solution to the tragedy of the commons. To read more, go to...