Public Goods and Common Resources $-$ End or Chapter Problem

In many planned communities, various aspects of community living are subject to regulation by a homeowners association. These rules can regulate house architecture; require snow removal from sidewalks, exclude outdoor equipment, such as backyard swimming pools, require appropriate conduct in shared spaces, such as the community clubhouse; and so on$.$ Suppose there has been some conflict in one such community because some homeowners fecl thal some or the regulations mentioned above are overly intrusive. You have been called in to modiate. Using what you have learned about public goods and common resources. how would you decide what types of regulations are warranted, and what types are not?

Regulations can increase efficiency in the provision of which of the following types of goods?

Artifically scarce goods $$ Private goods

Public goods

Common resources

Explain your reasoning:

This ungraded tasa will provide insight to your instructor.

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