Dumping in the Mediterranean Sea
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There are several countries which border the Mediterranean Sea. These countries all share, in the common social good of the resources provided by their location, on the shoreline of the Mediterranean Sea. They also share the external social costs associated with using the resources available from the Mediterranean Sea. Common goods are defined as those goods which are available to everyone for consumption whether the individual pays the cost of the good or does not pay for its consumption (Olson, n.d., p. 15). No one can be excluded from consuming the good if anyone does. The air we breath, the military, police forces which governments maintain, beautiful views of the ocean or mountains. Some public goods have no cost associated with them; a view of the mountains has no direct costs of viewing it. Other public goods have a cost associated with their production, or with consuming them. These are goods such as the military, the police forces, and utilizing natural resources. Polluting a natural resource may not have a direct cost on the producer of the good or service but still incurs a social cost to others, living or working, around the producer. This is the case with regard to dumping in the Mediterranean Sea. Dumping in the Mediterranean Sea has an external social cost which affects the whole region. Dumping, in the Mediterranean Sea, depressing the fishing and tourist industries in all the countries along the coastline. Dumping likely affects the health of t
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Some common words found in the essay are:
Mediterranean Sea, Sea Common, United Nations, Coase RH, References AkerlofG, mediterranean sea, level pollution, dumping mediterranean sea, dumping mediterranean, social cost, , level pollution mediterranean, pollution mediterranean sea, external social, kindleberger 1983, developed countries, costs associated, pollution mediterranean, olson nd, Dumping Mediterranean, public cost associated, 100 percent agreement,
Approximate Word count = 967
Approximate Pages = 4 (250 words per page)
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