How Phish-Tarping is a Tragedy (of the Commons)

While we know that overused resources can include the ocean, the air, and a pasture, we also should include beaches and seats.

The Huge Impact of a Rather Irritating Invention

While the cost of free parking in New York City is rather huge, it can be offset by what was a seemingly insignificant and irritating innovation.

The Codfather and the Tragedy of the Commons

Although The Codfather violated New England’s catch share system, the overfishing that results from the tragedy of the commons has been minimized.

Why There is No Such Thing as Free Parking

Even in North Dakota where there is a ban on parking meters along town and city streets, there is no such thing as free parking.

The Clash Between a Tiny Bug and a Texas Rancher

When a tiny bug stops a rancher from developing his land, the result is a clash between a government protecting an endangered species and private property.

Weekly Roundup: From the Diner’s Dilemma to Lost Labor

This week’s economic news summary includes the diner’s dilemma and marginal analysis, property rights in outer space, the Phillip’s Curve and unemployment.

The Diner’s Dilemma: Should You Divide the Check Equally With Friends?

Like the tragedy of the commons, splitting a bill among friends at a restaurant involves an individual’s marginal benefit and the group’s marginal cost.

Weekly Roundup: From Old Age to Old Signatures

Our Posts Roundup   Sunday 12.14.14  The mystery of the missing magazines…more   Monday 12.15.14  Where Italian needs a connection…more   Tuesday 12.16.14  Which movie stars live longer…more   Wednesday 12.17.14  The Christmas music list that keeps repeating…more   Thursday 12.18.14  How a signature…

Explaining Why Doctors’ Waiting Rooms Have Old Magazines

While the BMJ has some fun with a study of disappearing waiting room magazines, an economist could use the tragedy of the commons to explain why.

Our Weekly Roundup: From Bank Regulation to Water Taxation

This week’s everyday economics stories included minimum wage, price floors, cost-benefit analysis, behavioral economics, financial regulation and public goods.