Economics IB Allen Perry

The rising problem with pollution can directly be related with the fact that polluting the environment costs little to no money. However, trying to reduce our carbon footprint and becoming more environmentally friendly costs a great deal. This is the problem this article speaks of.

I like this article since it highlights that eventhough power companies are not paying for the combustion of carbon (no private costs) but there is still social costs

Because the High Seas operates as an unregulated global commons, its wild fishes population are in precipitous decline. Since they are accessible by any nations, where any nation can take as much as they want. Having no catch limits in the High Seas, migratory fishes are being overfished and their population are expected to continue to decline. However, researchers found out that closing the high seas could double the populations of the important fishes species.

This is also article also highlights the point similar to my article since that people thought that they could take as must fish as they watned out of the ocean since they thought that the negative externalities is shared by everyone while the profit was not.

This article covers the impending water crisis (a shortage) and is a good example of the tragedy of the commons.

This article mentions about the critical situation of the World which should suddenly be stoped with the cooperation of other countries.

The article talks about one of the world's most tragic tragedy, which is "tragedy of the commons". This theory explores when a resource is available jointly, people often deplete these resources, rather than save them. To further support the theory, the article focuses mainly on "over-fishing" and how the ocean is a "common area", therefore anybody can choose to fish out there, and this leads to the problem of over-fishing and destroying the habitats of the high seas.

This article discuss that due to the melting of arctic ice and over exploitation of fish area known as dead zones are quickly spreading thereby deteriorating the 'common' high seas known to be economically beneficial to all.

This article talks about how our over dependence on the seas are affecting them and in turn affecting us. Since the seas are responsible for so much in human life, the deterioration of the seas could greatly affect different facets of human life such as climate among other things.

As Mr. Hardin stated in his Tragedy of the Commons, people in the past thought that they could mine, cut down trees...since they thought that this wouldn't impact them directly and the profit that could be gained was more beneficial. However, now we see that it costs more to combat global warming than it would have to prevent it from happening.

This article is about how basing the oil business around the idea of the planet is running out of oil concept was a huge mistake as oil prices crash like a plane on fire.

Tragedy of Commons

This article considers the impact on the ocean that we are causing by having is as a public good with public access.

In this article its talking about how differnt companies and governments are destroying our water sources and our fish supply. As people are ordering others to go build things in veries water sources around the world. which is slowly and at times quickly destroying them, which has led to a problem with our ability to gain resources from water sources. at that will only become even worse of a problem as time goes on.

this article is talking about how climate change is the ultimate negative externality cost. as we will have to soon pay billions to keep climate change from getting too out of hand. and even if alot of people arnt the cause of the downfall of our climate, we will still have to pay the damge.

A commodity boom has helped pull millions out of poverty across South America over the past decade. It has also unleashed a new scramble for oil, minerals and cropland that is accelerating deforestation and fueling a new wave of land conflicts from Colombia to Chile. The land and the forests are poorly regulated and protected leading to illegal plundering of resources which end up deteriorating and damaging the environment. This article is also a good example of negative externality of consumption and how demand can indirectly increase the damage inflicted on the environment. Since the amazon rainforest is only protected in some places and not in others (and the protected places are still open to the public), it is a common resource that is constantly being violated and reduced.

This article discusses the negative externalities of smoking; or it's ability to inflict negative effects on others.

Mark Bittman has a piece in the New York Times where he analyzes the "true cost" of hamburgers. There are some things right with the piece and some things wrong. In general, thinking about the costs of meat consumption is important, and casting the discussion in economic rather than moral [...]

This article mentions what exactly is negative externalities and makes reference to real life examples.

Actually this article exactly reflects my opinions about improving technology and its causes.I believe that negative externalities mostly occur because of fast and destructive innovations.. New technologies effects people and they tend to buy all new products as if it is a rule.Eveything changes so fast and we don't realize the harm we cause to the environment and us in that rush.

This article shows how apple watches makes the third party, IE the people around you the targets of negative externality as the product is rather annoying.

This article mentions about the negative externalities of junk food such as Junk foods' unhealty effects on body.

Puerto Rico's Senate is voting to increase tax on barrel of oil by 68% to increase govermnet revenue to $2.9 billion. In addition to that the excise tax will help solve the $73 billion in debt that most public coroporations are struggling to achieve as they are economically unstable at the moment. This is related to the topic of tax revenue and excise tax within this course

This article is about a legislative act of American government upon carbon emissions of firms- which is a government intervention towards a negative externality of production.

Because India has freed the prices of diesel discovered in their country from the governments control, it opens a new market of investment. By doing this, India's economy will be revamped. This means that as the price of diesel fluctuates, the economy will also change.

This article is about the Government's intervention on diesel prices in India.Now Government doesn't control prices.Their aim is to encourage investment and revamp its economy.