1 / 15

“The Problem of the Commons: Still Unsettled after 100 Years” by Robert N. Stavins

“The Problem of the Commons: Still Unsettled after 100 Years” by Robert N. Stavins. From the problem of overfishing…. …to climate disruption. Background and Context. Stavins is a recognized expert in environmental and natural resource economics.

thao
Download Presentation

“The Problem of the Commons: Still Unsettled after 100 Years” by Robert N. Stavins

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. “The Problem of the Commons: Still Unsettled after 100 Years” by Robert N. Stavins From the problem of overfishing… …to climate disruption

  2. Background and Context

  3. Stavins is a recognized expert in environmental and natural resource economics

  4. Stavins situates his article among others seeking to explain problems associated with “the commons”

  5. Purpose and Method

  6. Stavins wants to make the case for a price on carbon in dealing with climate change

  7. Stavins has multiple objectives for this article

  8. Main Conclusions

  9. Scarcity plagues renewable resources more than non-renewable ones due to property rights regime Renewable natural resources Non-renewable natural resources

  10. Two forms of externality arise in the case of open-access natural resources

  11. Maximizing net benefits of open-access resource production means scaling back to Ee Economic efficiency: the point where net benefits are greatest, or where the difference between Total Benefits (TB) and Total Costs (TC) is greatest. Equimarginal rule: the efficient level of production, or resource extraction, is where Marginal Benefit (MB) equals Marginal Cost (MC); where the slopes of TB and TC are the same. (Keohane and Olmstead 2007)

  12. Conventional market-based policies can diminish producers’ welfare more than if left unregulated Enclosure and caps/limits Taxes

  13. Individual Transferable Quotas (ITQs) compel producers toward economically-efficient outcomes, reducing open-access externalities

  14. Commentary & Critique

  15. Effective explanation in terms of resource economics, but missing the social and political

More Related