14 Matching Annotations
1. Nov 2022
2. en.wikipedia.org en.wikipedia.org
1. Definition matrix

Useful 2x2 matrix of - private goods, - common-pool resources, - club goods, - public goods

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3. Jul 2022
4. docdrop.org docdrop.org
1. funding the commons

Title: Funding the Commons

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5. Dec 2021
6. slatestarcodex.com slatestarcodex.com
1. 3. The fish farming story from my Non-Libertarian FAQ 2.0: As a thought experiment, let’s consider aquaculture (fish farming) in a lake. Imagine a lake with a thousand identical fish farms owned by a thousand competing companies. Each fish farm earns a profit of \$1000/month. For a while, all is well. But each fish farm produces waste, which fouls the water in the lake. Let’s say each fish farm produces enough pollution to lower productivity in the lake by \$1/month. A thousand fish farms produce enough waste to lower productivity by \$1000/month, meaning none of the fish farms are making any money. Capitalism to the rescue: someone invents a complex filtering system that removes waste products. It costs \$300/month to operate. All fish farms voluntarily install it, the pollution ends, and the fish farms are now making a profit of \$700/month – still a respectable sum. But one farmer (let’s call him Steve) gets tired of spending the money to operate his filter. Now one fish farm worth of waste is polluting the lake, lowering productivity by \$1. Steve earns \$999 profit, and everyone else earns \$699 profit. Everyone else sees Steve is much more profitable than they are, because he’s not spending the maintenance costs on his filter. They disconnect their filters too. Once four hundred people disconnect their filters, Steve is earning \$600/month – less than he would be if he and everyone else had kept their filters on! And the poor virtuous filter users are only making \$300. Steve goes around to everyone, saying “Wait! We all need to make a voluntary pact to use filters! Otherwise, everyone’s productivity goes down.” Everyone agrees with him, and they all sign the Filter Pact, except one person who is sort of a jerk. Let’s call him Mike. Now everyone is back using filters again, except Mike. Mike earns \$999/month, and everyone else earns \$699/month. Slowly, people start thinking they too should be getting big bucks like Mike, and disconnect their filter for \$300 extra profit… A self-interested person never has any incentive to use a filter. A self-interested person has some incentive to sign a pact to make everyone use a filter, but in many cases has a stronger incentive to wait for everyone else to sign such a pact but opt out himself. This can lead to an undesirable equilibrium in which no one will sign such a pact. The more I think about it, the more I feel like this is the core of my objection to libertarianism, and that Non-Libertarian FAQ 3.0 will just be this one example copy-pasted two hundred times. From a god’s-eye-view, we can say that polluting the lake leads to bad consequences. From within the system, no individual can prevent the lake from being polluted, and buying a filter might not be such a good idea.

Wow, ok so he is telling me that basic free-rider problem with some probability of defection is why he gets libertarianism doesn't work ... Great, that was easy.

Basically it's as simple as waving a big sign saying "public goods".

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7. Sep 2021
8. twitter.com twitter.com
1. What happens to this graph when we overlay pure capitalism instead of a mixed economy? What if this spectrum was put on a different axis altogether? What does the current climate of the United states look like when graphed out on it. Which parts have diminished over the past 50 years with the decrease in regulation?

Some of these areas benefit heavily by government intervention and regulation.

We need the ability to better protect both common and public goods.

definitions:

• rivalry: does use by one person physically preclude use by others?
• excludability: do laws prohibit access to these goods?

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9. Aug 2021
10. numinous.productions numinous.productions
1. Tools for thought are (mostly) public goods, and as a result are undersupplied:

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11. Mar 2021
12. www.nature.com www.nature.com
1. Knowles, R., Mateen, B. A., & Yehudi, Y. (2021). We need to talk about the lack of investment in digital research infrastructure. Nature Computational Science, 1(3), 169–171. https://doi.org/10.1038/s43588-021-00048-5

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13. Oct 2020
14. smartbitchestrashybooks.com smartbitchestrashybooks.com
1. With shrinking budgets and outrageous prices, libraries are unable to provide all the ebooks users want, or to get a good handle on wait times. As a result, users see the library as being out-of-touch with reader needs, so they don’t fight for more funding. So funding gets cut more, so libraries can provide even less and are seen as even more out-of-touch and the cycle continues.

The viscous circle of putting public libraries out of business.

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15. numinous.productions numinous.productions
1. Think about fundamental tools for thought such as writing and the number system. Obviously, it’s good that those spread throughout society, unencumbered by IP concerns! More broadly, many tools of thought become more valuable for society as they become more ubiquitous.

Metcalfe's Law at work here.

2. Is it possible to avoid the public goods problem altogether?

As Lynne Kelly indicates, knowledge is a broad public good, so it is kept by higher priests and only transferred in private ceremonies to the initiated in indigenous cultures. In many senses, we've brought the value of specific information down dramatically, but there's also so much of it now, even with writing and better dissemination, it's become more valuable again.

I should revisit the economics of these ideas and create a model/graph of this idea over history with knowledge, value, and time on various axes.

3. The net result is that in gaming, clever new interface ideas can be distinguishing features which become a game’s primary advantage in the marketplace.

Innovation in the video game industry helps it solve the public goods problem. Tweaking the economics helps the high upfront development cost be recouped.

4. Put another way, many tools for thought are public goods. They often cost a lot to develop initially, but it’s easy for others to duplicate and improve on them, free riding on the initial investment. While such duplication and improvement is good for our society as a whole, it’s bad for the companies that make that initial investment. And so such tools for thought suffer the fate of many public goods: our society collectively underinvests in them, relative to the benefits they provide

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16. Dec 2019
17. en.wikipedia.org en.wikipedia.org
1. Channel Tunnel

Is this tunnel a public good? Is it excludable? Is it rival?

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18. www.salisburycathedral.org.uk www.salisburycathedral.org.uk
1. I think that the preservation of these documents could be seen as providing pure public good. We value that these have been preserved for posterity even if we don't visit the Magna Carta ourselves. What do you think?

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19. Feb 2014
20. www.lawnerds.com www.lawnerds.com
1. MINTURN, J. The plaintiff occupied the position of a special police officer, in Atlantic City, and incidentally was identified with the work of the prosecutor of the pleas of the county. He possessed knowledge concerning the theft of certain diamonds and jewelry from the possession of the defendant, who had advertised a reward for the recovery of the property. In this situation he claims to have entered into a verbal contract with defendant, whereby she agreed to pay him \$500 if he could procure for her the names and addresses of the thieves. As a result of his meditation with the police authorities the diamonds and jewelry were recovered, and plaintiff brought this suit to recover the promised reward.
• Plaintiff makes a verbal contract with defendant. In return for \$500, plaintiff will find defendant's stolen jewels.
• Plaintiff had knowledge of whereabouts of jewels at contract formation.
• Plaintiff is a special police officer and has dealings with prosecutor's office.
• Defendant published advertisement for reward.
• Plaintiff finds stolen goods and arranges return.