Answers
Unjust Holdings
Nozick believes that in case of unjust holdings, the government should intervene and make sure that the division of the property is in a just manner, which can be made possible by keeping in mind the three cases in which a holding can be classified as just -
- If it is inherited and voluntarily transfered
- If it is unowned, and giving it to one person does not reduce the welfare of the others
- If it is done to correct some previous unjust holding structure
Common Pool / Open Access resources
In case of open accesss resources, the problem is that of free riding, to prevent which, there should be some criteria which makes a certain individual eligible to use the resource. This can be in the form of some already agreed upon qualifcation, some entry fee or the like. For common pool resources owned by some community together, there exists the problem of overutilization which can be reduced by certain government regulations restricting the use of the resource per person.
Public goods and externality
Public goods are a cause of externality since there is overutilisation and free-riding. This allocation can be amdenjust, as in, it can be made available to those sections who are in severe need for some form of government assistance for their well bring by following some of the regulations mentioned above. It can be seen that this will lead to a more egalitarian effect of the allocation of these resources.
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