Question
Research and describe in detail a market in which the tragedy of the commons has occurred. Identify the common resource at play and also explain
Research and describe in detail a market in which the tragedy of the commons has occurred. Identify the common resource at play and also explain the externality that resulted from your particular example. Can that externality be resolved through the Coase theorem? Explain why or why not.
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Using Econometrics A Practical Guide
Authors: A. H. Studenmund
7th edition
013418274X, 978-0134182742
