14) Common Pool Resources
{"Image DocumentName": "14) Common Pool Resources", "Image ImageDescription": "Are goods that are at the same time not excludable but rival. Some important Common Resources are: Clean air and water. Congested roads. Fish, whales, and other wildlife. Leads to the overconsumption of the resource (e.g. the tragedy of the commons). Possible policies available to the government to address this issue include: Regulate use of the resource. Impose a corrective tax. Auction off permits allowing use of the resource. If the resource is land, convert to a private good by dividing and selling parcels to individuals. 40.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}