Post-

Common Resources are both Rival and Non-Excludable which means that the use by one individual imposes an negative externality upon everyone else. Without an intervention by a government, these items will be destroyed by over use.

Where do we see Common Resource problems in everyday life?

• Traffic on the Freeway
• Pollution in the Environment
• Fish in the Ocean

Define a Common Resource Problem in society and/or the world.

Why is this a Common Resource Problem?

Offer a Coase, Tax, or Regulation solution to your problem. Explain how your solution will limit the negative externality of the problem. (Remember- Common Resource Externalities are generated by overconsumption)