Q1. List ten real-world common property resources with which you are familiar. Describe an example of one of these common property resources that is not (tragically) overexploited (use the term “institution/s” in your discussion). The so-called tragedy of the commons is defined as the fact that people tend to exploit common resources to the maximum degree possible for their own benefit, thus indirectly harming other or future people who could benefit

Tragedy of the Commons In Garrett Hardin's essay "Tragedy of the Commons," the author presents a radical solution to the overpopulation problem. The title of the essay refers to a scenario presented by a mathematician in 1833. In the scenario, a communal pasture is enjoyed by several herdsmen in a given area. Everything is fine until "social stability" is achieved (2). When that happens, each herdsman feels entitled, even obliged, to

Shakespeare Never Read Aristotle? Or, the dynamic forms of catharsis and tragic flaws in Shakespeare's plays Shakespeare's most beloved plays are his tragedies. If one were to list his best and most popular plays: Othello, Romeo & Juliet, Hamlet, King Lear, and so forth, one would find the list comprised almost entirely of tragedies. So it would not be amiss to say that much of the modern literary conception of theatrical

It has had the most success in stabilizing regions and winning concessions through idealistic policies. The reason for this is simple: ideas and money travel faster than bullets. Diplomacy may not always deliver the immediate results that the use of force and intimidation may have, but information, ideas and money have much stronger, lasting results. The Cold War ended and Eastern Europe was pacified not because Reagan built more bombs

KPMG served as the independent audit firm of several of the largest subprime mortgage lenders. Identify the advantages and disadvantages of a heavy concentration of audit clients in one industry or sub-industry (40marks). KPMG did indeed serve as the independent audit firm of many of the most massive subprime mortgage lenders in the nation. There are concrete benefits and drawbacks to such strong relationships in on particular field. The most fundamental

But the supply far outstrips demand, Europeans are finding. The climate of this marketplace itself is decidedly cloudy. Advance prices have plunged by half. At this point, one shouldn't portray it as a liquid, vibrant market," said Atle C. Christiansen of PointCarbon, a Norway-based research firm (Climate, 2004). More than six years after governments negotiated the historic climate accord in Kyoto, Japan, the world is taking only halting steps _ not always