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\nThe Tragedy of the Commons and Property Rights\n

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\n\nPublisher:\n\nCurated Video\n\n\n
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\nThe video discusses the concept of the tragedy of the Commons and its relevance in modern-day environmental issues. It explains why the absence of property rights can lead to market failure, using the example of common land in the UK and...\nThe video discusses the concept of the tragedy of the Commons and its relevance in modern-day environmental issues. It explains why the absence of property rights can lead to market failure, using the example of common land in the UK and overfishing in European waters. The speaker defines property rights and emphasizes their importance in ensuring sustainable development of economies.\n
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Resource Details

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Curator Rating
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Educator Rating
Not yet Rated
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Media Length
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6:45
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Grade
12th - Higher Ed
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Subjects
Science
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Media Type
Instructional Videos
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Source:
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\nKnowMo Economics\n\n
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Date
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2018
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Language
English
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Audiences
For Teacher Use
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Usage Permissions
Fine Print: Educational Use
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Additional Materials

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Concepts

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economics, property rights, sheep, income
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Additional Tags

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a-level, lectures, micro, market, failure, 9.2b, tragedy, of, the, commons, 19th century, dwindling population, common land, individual shepherd, sheep graze, shared resource, benefits, shepherd, problem, shared, results, costs, fishermen, resource, unit, generally, absence, famous, interests, fact, shepherds, village, incentive, overexploitation, actions
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Classroom Considerations

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Best For: Explaining a topic
Video is ad-free
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Educator Ratings

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\n\nShow resource details\n
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\n\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" aria-label=\"Play video: The Tragedy of the Commons and Property Rights\" href=\"/subscription/new\">\"The\n\n
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