Creative Commons
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Tag Archives: Tragedy of the Commons
The Mission Playground Incident
Does this four-and-one-half-minute video depict a Tragedy of the Commons? Does it falsify or confirm the main tenets of the Coase Theorem? After all, “transaction costs” are low, yet we don’t we see any Coasean bargaining in this situation, or do we …? At last count (12 … Continue reading
Posted in Current Affairs, Economics, Law
Tagged Coase Theorem, Property Rights, Tragedy of the Commons
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The tragedy of the broadband commons?
Does the policy of “network neutrality” or NN really make any economic sense? Does NN not lead to a tragedy of the broadband commons? Consider the Google Fiber project in Kansas City, Missouri. For Google Fiber to work, Google needs to … Continue reading
Posted in Uncategorized
Tagged Google Fiber, Network Neutrality, Tragedy of the Commons
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prior probability 