ECON 330 Week 4 Discussion: Tragedy of the Commons
ECON 330 Week 4 Discussion: Tragedy of the Commons
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Keohane and Omstead discuss the tragedy of the commons in Chapter 5, a situation that is exits in many open access fisheries. For this week’s discussion, please address the following questions after looking at the videos listed below. Why is open access fishing a problem from both an economic and environmental perspective? What policies can be used to address these problems? Are there government policies intended to help fisherman that can make things worse?
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CSF Video – Intro to Fisheries Management https://www.youtube.com/watch?list=PLBfu1mD9hk66c1Q23AOAAhCvkVLC2XZKm&v=Z4AXnZOsrK8
CSF Video – Maximum Economic Yield https://www.youtube.com/watch?v=7DNhqtYf47E
CSF Video – A Closer Look at Fisheries https://www.youtube.com/watch?v=yJjYJ4iS_Gs&t=30s
CSF Video – Fisheries Subsidies and Taxes https://www.youtube.com/watch?v=YsDvxir7YsI
CSF Video – Individual and Transferable Quotas https://www.conservation-strategy.org/csf-economic-video/fisheries-economics-policy-individual-and-transferable-quotas
Reflection: Include a paragraph in the initial response in your own words using microeconomics terminology, reflecting specifically on what you learned from the assignment and how you think you could apply what you learned in the workplace or in everyday life.
Your answers should be written in your own words. Don’t use quotes from the articles.
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You are expected to make your own contribution in a main topic as well as respond with value-added comments to at least two of your classmates as well as to your instructor.
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