PHIL 149 Lecture Notes - Lecture 5: Garrett Hardin, Atlantic Cod, Grand Banks Of Newfoundland
13 Jul 2017
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Document Summary
Doing what makes sense for them ends up in creating a catastrophic situation: tragedy of the commons eg: the tragedy of the atlantic cod crop on the great banks, near new brunswick and newfoundland. Possibility 2: i wash but enough others don"t. Outcome (o): clean bowls + they clean bowl. Payo matrix for honoring/breaking agreement to limit grand banks catch. Possibility 3: i break it but others honor it. 15000 of extra sh caught, could be college money. Destroyed fishery they take extra and get more money for not honoring the agreement. Destroyed fishery if others break it, i can"t keep shery alive no matter what i do; might as well get an extra k. Formal way of describing this dilemma: four conditions su cient for a free-rider case (collective action. Dilemma: there is a non-excludable good attainable by a group. a good that is enjoyed by all, if enjoyed by any.
