Tragedy of the commons | Consumer and producer surplus | Microeconomics | Khan Academy

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How public resources can be abused
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Microeconomics on Khan Academy: Topics covered in a traditional college level introductory microeconomics course
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Опубликовано:

6 сен 2024

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Комментарии : 79

@johnjerdon4153 10 лет назад

Pond C Scheme?

@SFOrdonez5 3 года назад

haha!

@giordanobruno9106 12 лет назад

I hope your not making a case for privatization of land and natural resources. Private ownership of resources is much more prone to this problem. Corporations are largely unaccountable for their environmental destruction and can hijack governments to remove any such protections. What needs to be done is to make private corporations public, non-for-profit entities with charters to operate in the public good. Public ownership of all resources with adequate regulatory government over site.

@JoannaPoppink 10 лет назад

I don't think humans ever thought that the tragedy of the commons would apply to the vast oceans of the world. But it does. We're experiencing that now.

@joshuacox534 6 лет назад

that's correct. capitalism allows overfishing instead of management of resources. corporations take too much out of the ocean before the "livestock" can restock itself. look up the australian ruffy (roughy?)

@boobsaibot2374 7 лет назад

Appreciate it, watching this for my environmental management class in an undergraduate business program. Clears stuff up pretty well.

@xyon9090 3 года назад

Thanks for being my substitute teacher for my Lazy Professor in my University as our Professor linked this video to us students in Online Class

@kcnonyerem6037 10 лет назад

Nice video but how abt in a situation whr the solution of making it a private property does not work.

@pujaverma4316 6 лет назад

Can you give explanation on public goods and common resources ?

@JackieHinton254 10 лет назад

love this video , My change the world class rules .

@JackieHinton254 10 лет назад

thank you.

@MaxHarms 12 лет назад

@SonOfTanit Yes, sorry. The Tragedy of the Commons is not guaranteed to happen, all it takes to avoid it is a means to monitor those who use the commons, and a will to punish those who consume more than their fair share. Permits (along with government) are one such system that can prevent the Tragedy from occurring. Thus, public resources will be abused unless extra work is put in to prevent the abuse. How was that? I can clarify further if I'm still too vague. :)

@kashishhashim6471 4 года назад

Hi, I know it's been long, but can you explain and give another solution?

@caesarxinsanium 9 лет назад

Thanks, i understood this as soon as you got to the point.

@hikerphoto 12 лет назад

The Tragedy of the Commons is a manifestation of the belief that simple models can explain human behavior. My view is that history is not that simple. Many thinkers form a worldview based on reactions to excesses in behavior their time. Ayn Rand, Friedrich Hayek and John Maynard Keynes are good examples. One's worldview these days should look also at the studies of Amos Tverksy, Alfred Kahneman, and their research into prospect theory.

@yeonhojung7185 7 лет назад

Khan Academy is the best

@officereric36 Год назад

Watching for Econ 2302 class and professor rambles and uses old recorded lectures. Thank you.

@Goofmobber 12 лет назад

Your videos are the best. Short, to the point, and simple. :D

@damonstahl7757 9 лет назад

carol is a fishess :)

@ericadamsZOW 8 лет назад

Based on arcane notions. The Commons is only tragic when examined through the free market of resource valuations, and assuming that commons holders do not communicate effectively.

@commiebastard351 8 лет назад

+Eric Christopher Adams It's also imperialist. It implies that "primitive" hunter gatherer societies (who often own land in common) should be "civilized" so that they don't make the mistake of abusing their resources.

@kill3d2deth 8 лет назад

+Eric Christopher Adams Three words: Pacific fishery collapse

@ericadamsZOW 8 лет назад

Great example but hardly managed as a Commons. The quota system for fisheries management in the northern Pacific is fundamentally flawed, starting with the corrupted framework under which fisheries are managed. The Commerce Department imposes management under the confines of economic policy rather than resource stewardship.

@yveshelsen9168 8 лет назад

+Eric Christopher Adams one setence "hardin didn't got empirical material to proof his thought"

@ancapgrandscribe9546 2 года назад

This only applies to publicly owned lands as they're generally commonly owned and no one has incentive to take care of the land.

@marjanhendriks5023 10 лет назад

depletion is at some point profitable for Al and Carol, they will be able to rais their prices. So it is morel standards we need, responsibility over profit

@xfronwenzyoucamex 10 лет назад

Cant a private owner also temporarily close the pond to restock it/ let the fish breed?

@errrzarrr 8 лет назад

he can't because he doesn't own it. Only thing he can do is voluntarily and good-willingly stop fishing. That wouldn't stop others to come and over-fish the non-owned pond. He would only be seen as 'a fool'.

@geofftsjy 7 лет назад

Dragonhammer Soulbreath I think you mean it the pond was owned privately instead. and yes, that is a great solution to the tragedy of the commons. the American Buffalo was saved through privatization and animals in Africa are being saved from poachers in this way.

@santhlukte329 5 лет назад

Can any one suggest me a book for this topics(Tragedy of commons)

@moestietabarnak 12 лет назад

@StatelessLiberty certainly, you can hire other people to regulate the one in charge of the common. with no interest in the 'profit' of missuses of the common, just the interest of keeping their job. Who's the private owner that will hire someone to tell him to take less profit ?

@SEEVCar 10 лет назад

The tragedy of the commons also applies to our Corporate/capitalist system with fishery's depleting fish populations in the open ocean

@ancapgrandscribe9546 2 года назад

Lol, no, it's more like publicly owned areas you absolute brainwashed soundin zombie

@ancapgrandscribe9546 2 года назад

It's also false to assume that regulation would prevent it, even though it still applies, it just has the regulation, but since it's open to the public, criminals can do what they want with, other actors who might be the ones claiming to own it (the Government) might not have the best interests at hand in it, but mainly the criminal factor is what makes it a tragedy because it's open to these types of people because no one has the incentive to protect it if it's not directly hurting your finances or your home area

@gabrielreis3701 10 лет назад

This is not a good solution because make it private will just increase the capability to create same errors. *We could control this by meanings of education and trust, that would be ideal. Were they would, not want to gain more, but to offer the best they can, with love. & I have some thoughts that even with a government intervention, assuming that the persons involved in that would trust on it, could happens a tragedy of commons inside the government. *We could put a third, to take care of the big lake, and the gains would serve to make the life better for the three ones ? That would be weird, because the third one would look quite like an employee. We have to make the right question. We're not looking for money, we're looking for permissions, there have to be love on , thinking like, we two are trying to empower our companies, or we're empowering our society. It's the society the father of the companies, who feeds it's employees. They are treating with the Mother Nature, then it have to be like they're looking after their sons.

@pongman 12 лет назад

The solution to the public pond is to have someone put up a sign beware Poisonous Fish,

@shelbyhoffmann6208 5 лет назад

i like this guys voice

@masterchief9064 11 лет назад

Is there a video about import tariffs and quotas?

@daynelliekendall8494 7 лет назад

omg this helped me out alot thank you so much !!

@JNYC-gb1pp 6 лет назад

I feel that when I'm at the grocery store and I'm buying organic stuff and foods with as little packaging as possible so I won't ruin the environment and see a family with 6 kids with a shopping cart full of junk food in plastic containers and I think "why do i bother??'

@moestietabarnak 12 лет назад

@moestietabarnak Free marketer would say that the market just corrected itself. A sad consolation to the worker that lost their jobs. And the CEO doesn't care in his private island.

@jishachahar5304 9 лет назад

this really helped. thankyou :D

@brianrettig9227 2 года назад

so this is why minecraft server public storage chests are always empty

@yayabrazie 9 лет назад

great video!

@empathematics8928 3 года назад

I can't believe this myth is still being perpetuated. Everyone should read "Governing the Commons," which debunks this myth with tons of empirical evidence and won the Nobel Prize in Economics. ;) It's not just a dichotomy between privatizing it or having an external authority manage it. It has to do with creating place-based rules with self-enforcement, which is achieved by the participants designing the rules and monitoring the resource themselves. Elinor Ostrom. Check her out!

@darkengine5931 2 года назад

Ostrom's work only empirically reveals cases where the tragedy can be averted through careful organization and collaboration of the CPR. It doesn't turn the tragedy into a myth. Rather, it reveals a possible solution that might work in certain contexts.

@Shuizid 12 лет назад

If Al and Carol were some Banks, they would overfish their own ponds and the cost will still be paid by the public...

@yveshelsen9168 8 лет назад

This theory of hardin must be banded because it isn't not based on empirical material.

@l2ic3 6 лет назад

pond B has a hole in it. all the water would leak out. stopped watching

@bogcom 9 лет назад

I was thinking about the enviornment and the CO2 quotas. Too bad they're worth about as much as the paper they're printed on.

@vishnuvardhan_me1892 3 года назад

Yeah. There's no reason for govt to hold that land

@daracaex 12 лет назад

@SonOfTanit The Tragedy of the Commons is not inherently capitalist or socialist. It assumes that everyone has free reign over an area. In a capitalist society, the area is divvied up so that parts are privately owned. In a Socialist society, the use of the area is regulated by the government. The man who came up with this even said that he didn't know if capitalism or socialism was the better way to deal with this. The concept assumes an unregulated resource, not one under any system.

@EliteKiller07 12 лет назад

@LechuCzechu But without the government involved in things like this, you wouldn't need any "strong and fair government" with "good regulations" to deal with public property, because public property wouldn't exist. Tragedy of the Commons is the problem with property in a socialistic society, and the only way to fix it is to introduce private elements (leasing, permits, etc.). Even then, the best way to solve the Tragedy of the Commons is to simply have private property rights.

@moestietabarnak 12 лет назад

@EliteKiller07 tell that to Enron investor.

@EliteKiller07 12 лет назад

@moestietabarnak No, my solution would be to have property in as many hands as possibly, not in the hand of one supposedly omniscient, monolithic government And if the theory is true, that all property would be owned by a few rich elites, why isn't it like that now? I own property and I am hardly considered rich, and neither is my next door neighbor The rich people you need to worry about are the ones who use the arm of the government, not the ones who make their money though voluntary trade.

@tristampratorius4709 4 года назад

Sounds like something someone would use as propaganda for capitalism. Privately owned is good, commonly owned is bad.

@ffillery3269 9 лет назад

Could this apply to Global warming? Would really appreciate some examples or feedback. Thanks :)

@geofftsjy 7 лет назад

Dr.Mantis Tobbogan deforestation. when Land ownership is discouraged, people have no incentive to limit harvest, wait until a 🌲 is mature or plant more after. go on Google maps and look at the border between Haiti and the Dominican republic. you can see this tragedy of deforestation from space...

@moestietabarnak 12 лет назад

@EliteKiller07 "And if the theory is true, that all property would be owned by a few rich elites, why isn't it like that now?" Geez, have you ever studied history ? It did happen, war were fought over this, the commoner revolted, etc.. With the current capitalism, looking for next quarter profit, you cannot trust the private owner to manage the common for the prosperity. see the CEO that bankrupt company as long as they get their bonus and get out before it's too late.

@hikerphoto 12 лет назад

Karl Marx said "From each according to his ability. To each according to his need." The problem is that those with ability are not rewarded accordingly, thus creating a disincentive to produce. This was the flaw with Communism leading to its demise. Under Capitalism, common property is supported through taxation in the form of progressive taxes, flat taxes or regressive taxes. That is the Tragedy of the Commons for Capitalism.

@moestietabarnak 12 лет назад

@SonOfTanit thus the need for regulation

@MaxHarms 12 лет назад

How public resources will be abused unless extra systems are added. FTFY

@Batta0909 12 лет назад

poor commons, never has a chance....

@goldensilverstar 12 лет назад

I thought it said the tragedy of condoms

@Kathiuska10 10 лет назад

I agree that this is the "best" choice for now but, would be nice to mix this with the idea of not consuming animals and instead, use those lands to more grain production or giving it, simple, different uses. I don't agree with this if its a permanent solution, (as it seems) If this does not mix with education, we will be always people that take advantage of a land without being aware of the consequences, and will always be controlled by corporations or the government. Good video anyway, thanks.

@sayga3036 4 года назад

poggies

@TheTrutherus 7 лет назад

"Rational people are going to over fish the pond' Rational = based on or in accordance with reason or logic. Logic dictates that if the pond is over fished there will be none left the potential for profit will dry up, the rational individual will seek a market equilibrium of sustainability vs, production. I have to disagree with Khan Academy with this double speak, no a rational person will not fish a pond to extension, an irrational person will.

@geofftsjy 7 лет назад

TheTruther.us logic dictates that overfishing will deplete the pond. logic also dictates that, in a commons, it will be overfished. it is rational and logical to see this and to see that one can gain benefit now or never and choose now. those who overfish receive more value than those who do not, when overfishing is extremely probable. rational doesn't mean good. there is not always one logical analysis.

@EliteKiller07 12 лет назад

@moestietabarnak "Geez, have you ever studied history " Give me an example of a society where all property was owned by a few rich people without the helping hand of government. "the CEO that bankrupt company as long as they get their bonus and get out before it's too late." The ONLY way a business man can make money is to provide a good or service that someone else wants to buy. If they can't, they will go bankrupt or lose money. You have a very naive view of what the free-market is.

@SalsaTiger83 12 лет назад

@SonOfTanit Yeah, a much better, unbureaucratic and "american" ("freedom") solution would be to let the industry extinguish any edible fish (and non-edible as fish food for aqua cultures) in any ocean they can reach,... Much less bureaucratic... freedom... yay... Fact is, even with the permits the fishing industry overfishes most species.

@Violent2aShadow 12 лет назад

Yup, this is why libertarian logic fails....unless we somehow privatize the air we breathe.

@StatelessLiberty 12 лет назад

@moestietabarnak Problem: Gov't ownership of resources leads to tragedy of the commons. Your proposed solution: The gov't should regulate itself. Dumb.

@JNYC-gb1pp 6 лет назад

Pretty much explains open borders; people flood in and we all suffer