Concept of the tragedy of the commons


Assignment:

How does this article related to manufacturing tie into the concept of "the tragedy of the commons?" Read the article below to further understand this concept. Also, are there any current events related to environmental policy, regulation, and law to share with the class?

Finally, in an effort to gain your honest feedback to use to improve the course, please feel free to let me know your thoughts on the course.
Reading:

Greenstone, M., List, J. A., & Syverson, C. (2012). The effects of environmental regulation on the competitiveness of US manufacturing (No. w18392). National Bureau of Economic Research.

Hardin, G. (1968, December 13). The tragedy of the commons. Science, 162(3859), 1243-1248.

Readings:

1. Why is Pollution from U.S. Manufacturing Declining? The Roles of Trade, Regulation, Productivity, and Preferences∗

By Joseph S. Shapiro

2. The Tragedy of the Commons

By Garrett Hardin

3. The Effects of Environmental Regulation on the Competitiveness of U.S. Manufacturing

By Michael Greenstone, John A. List and Chad Syverson

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Microeconomics: Concept of the tragedy of the commons
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