A tragicomic explanation of the tragedy of the commons
Are Smurfs a public good? Ryan Somma seems to think so. Apparently if no one owns something everyone must own and have a right to it. This article gets an A for effort but could use a dose of Coase. La la la la la la la...
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Read the complete post at http://austrianaddiction.rationalmind.net/archives/2008/02/a-tragicomic-ex.html