Microeconomics 1st Edition by Dean Karlan,Jonathan Morduch

Exercise 11

The U.S. government is concerned about the huge numbers of people converging on Yellowstone Park every year. Government officials are worried that the park might be getting overused and the natural beauty will be ruined as a result. Suppose someone suggests dividing the park into private lots and selling it to individuals. How might this solution address the tragedy of the commons that is occurring?