Thursday, March 18, 2010

Satellite photography and the tragedy of the commons

Alex Tabarrok:
So what happened after the land [in Zimbabwe] was redistributed beginning in 2000 and all of it made communal? After reform the land quality worsened everywhere. In particular, note that the blue lakes and ponds on the right became dry and empty as farmers no longer had an incentive to invest in maintaining these resources.

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