There is no ‘tragedy of the Commons.’ But a tragedy of the absence of Commons-as organizations, let’s call it ‘the tragedy of uncommons’, does exist. Below, I will provide the example of the island of Ameland in the Northern Netherlands, in line with the historical examples of successful Commons mentioned by Elinor Ostrom (especially those for Switzerland). Ownership is a multi-dimensional concept. Up to the 1795 revolution, the island of Ameland, north of Friesland, was not a part...
Read More »Marty Weitzman’s Noah’s Ark Problem —Alex Tabarrok
Marty Weitzman passed away suddenly yesterday. He was on many people’s shortlist for the Nobel. His work is marked by high-theory applied to practical problems. The theory is always worked out in great generality and is difficult even for most economists. Weitzman wanted to be understood by more than a handful of theorists, however, and so he also went to great lengths to look for special cases or revealing metaphors. Thus, the typical Weitzman paper has a dense middle section of math but...
Read More »IPA’s weekly links
Guest post by Jeff Mosenkis of Innovations for Poverty Action. A quick housekeeping item, if you haven’t seen. Chris migrated his site to new servers so had some downtime this week, but all the content should be back up by now. They’re still getting SSL set up so your browser may warn you that you’re not reading in https yet (so don’t enter your credit card information into the comments till that’s squared away). Jobs: A really interesting feature story and blog posts from the New York...
Read More »IPA’s weekly links
Guest post by Jeff Mosenkis of Innovations for Poverty Action. A quick housekeeping item, if you haven’t seen. Chris migrated his site to new servers so had some downtime this week, but all the content should be back up by now. They’re still getting SSL set up so your browser may warn you that you’re not reading in https yet (so don’t enter your credit card information into the comments till that’s squared away). Jobs: A really interesting feature story and blog posts from the New York...
Read More »