Tragedy Of The Commons
An economic problem in which every individual tries to reap the greatest benefit from a given resource. As the demand for the resource overwhelms the supply, every individual who consumes an additional unit directly harms others who can no longer enj...
As a metaphor, the tragedy of the commons should not be taken too literally. The
"tragedy" is not in the word's conventional ...
Generally, the resource of interest is easily available to all individuals; the
tragedy of the commons occurs when individuals neglect the well-being of
society in ...
The tragedy of the commons is a problem that occurs when individuals exploit a
shared resource to the extent that demand overwhelms supply and the resource
Mar 13, 2015 ... People all over the world need to share its common resources. However, this is
not an easy thing to do as individuals may benefit more from...
In Hardin's classic piece "The Tragedy of the Commons," a commons is a ... It is
seen that this "right" is a commons; i.e., by definition, a resource that could be ...
Mar 17, 2016 ... The idea of the tragedy of the commons was made popular by the ... and
international levels is to define and manage shared resources.
Oct 28, 2012 ... The tragedy of the commons theory assumes that when making ... This leads the
village green to be overgrazed meaning the village lose this ...
The phrase tragedy of the commons, first described by biologist Garrett Hardin in
1968, describes how shared environmental resources are overused and ...
Jul 29, 2009 ... The tragedy of the commons is a term coined by scientist Garrett Hardin in 1968
describing what can happen in groups when individuals act in ...