PS 297 Study Guide - Midterm Guide: Common-Pool Resource, Garrett Hardin, Market Failure

• School: University of Oregon
• Department: Political Science
• Course: PS 297
• Professor: Craig Kauffman

Document Summary

Individual members of a group who will be benefited from the supple will stand to be benefited even more if others make the contributions needed to cover the cost of the supply. Individuals who make no contributions but take advantage of a common pool resources without payi(cid:374)g for it are the (cid:862)free-riders. (cid:863: example: someone uses street lights but does not pay taxes. Common pool resources: rival but non-excludable resources owned and managed collectively by a community/society rather than by individuals, more susceptible to the tragedy of the commons because of their rival and non-excludable nature, examples: fisheries and forests. Public goods: non-rival and non-excludable goods/services that are provided without profit to all members of a society, examples: environmental protection (clean air, water, sustainable land use) It merges conservation of natural resources with local development in less-developed countries: tend to confront rural communities with new incentives, examples: the loma alta case.