On the subject of The Tragedy of the Commons, the Adrian College (Michigan) Policy Institute will host "The Tragedy of the Commons" 40th Anniversary Retrospective Symposium on Friday, Nov. 21, 2008. This is an interdisciplinary symposium drawing panelists from Political Science, Biology, Environmental Policy, and Mathematics, to discuss Hardin's seminal article, and the status of commons problems 40 years later. Panelists will include political scientist Elinor Ostrom (Indiana University), mathematician J. Marty Anderies (Arizona State University), political scientist Harlan Wilson (Oberlin College) and biologist (and friend of Hardin) Carl Bajmea (Grand Valley State University). Other panelists are being recruited. Attendance is limited to 40 registrants. Registration will be $45, and includes lunch, dinner, and one night's lodging. The Symposium website is http://www.adrian.edu/academics/policy_institute/com mons.php. We hope to have registration beginning on July 15.
So could Tyler be right? He is not really talking about time preference but about taking up a fixed resource:opportunities which others may exploit. Lets say you have zero time preference but you are risk averse and your marginal utility is stochastic.Would you not tend to bring forward consumption since if you delay your MU might be lower in the future?
Sounds like mass non-cooperative prsent-orientation --- a bit like the Tragedy of the Commons!
ReplyDeleteOn the subject of The Tragedy of the Commons, the Adrian College (Michigan) Policy Institute will
ReplyDeletehost "The Tragedy of the Commons" 40th Anniversary
Retrospective Symposium on Friday, Nov. 21, 2008.
This is an interdisciplinary symposium drawing
panelists from Political Science, Biology,
Environmental Policy, and Mathematics, to discuss
Hardin's seminal article, and the status of commons
problems 40 years later.
Panelists will include political scientist Elinor Ostrom
(Indiana University), mathematician J. Marty Anderies
(Arizona State University), political scientist Harlan
Wilson (Oberlin College) and biologist (and friend of
Hardin) Carl Bajmea (Grand Valley State University).
Other panelists are being recruited.
Attendance is limited to 40 registrants. Registration
will be $45, and includes lunch, dinner, and one night's
lodging. The Symposium website is
http://www.adrian.edu/academics/policy_institute/com
mons.php. We hope to have registration beginning on
July 15.
So could Tyler be right? He is not really talking about time preference but about taking up a fixed resource:opportunities which others may exploit. Lets say you have zero time preference but you are risk averse and your marginal utility is stochastic.Would you not tend to bring forward consumption since if you delay your MU might be lower in the future?
ReplyDeleteyes - he addresses that in later albums
ReplyDelete