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RE: LeoThread 2025-02-15 05:11

in LeoFinance8 months ago

Part 6/8:

Ostrom pointed out the importance of infrastructure—implementing public transportation systems can address this issue. Buses, subways, and light rail can significantly reduce the number of cars on the road, illustrating how convenience in infrastructure can lead to cooperative resource sharing. When alternatives like reliable public transit are made available, more people are inclined to utilize them, leading to faster commutes and decreased congestion.

Incentives and Regulations

Moreover, Ostrom highlighted that effective incentives play a crucial role in averting the Tragedy of the Commons. Her studies extended to industries such as lobstering in Maine, where she examined the impact of penalties and rules on resource management.