Assignment Reading: (For theory to apply in the paper) Hardin, G. 1968. “Tragedy of the Commons.” Science, Vol. 162, 13 December, 1968, 1243-1248 Wade, R. 1987. “The Management of Common Property Resources: Finding a Cooperative Solution.” World Bank Research Observer 2(2): 219-234 (read either this or Seabright) Seabright, P. “Managing Local Commons: Theoretical Issues in Incentive Design.” Journal of Economic Perspectives 7(4): 113-134 (read either this or Wade) (For Application of the theory) Acheson J. 1975. “The Lobster Fiefs: Economic and Ecological Effects of Territoriality in the Marine Lobster Industry.” Human Ecology 3:183-207 We don''t have to use other sources. As Hardin argues "The Tragedy of the Commons" is a big problem on fishery. Acheson reports how territoriality in lobster industry influences the efficient use of lobster. Wade and Seabright discusses how we can manage commons by cooperative solution. Your argument about the effective use of lobster is not necesarily supported by both Wade and Seabright. Don''t spend lots of paragraphs on Hardin.