A metaphor for the public goods problem that it is hard to coordinate and pay for public goods. The term comes from Hardin (1968). The commons is a pasture held by a group. Each individual owns sheep and has the incentive to put more and more sheep on the pasture to gain, privately. The overall effect of many individuals do this overwhelms the carr...
Found on
http://www.econterms.com/glossary.cgi?query=Tragedy+of+the+commons
A common dilemma in natural resource management, in which benefits to an individual are contrary to the collective benefits of the group, so that individuals are inclined to act selfishly, despite this being to the detriment of everyone. Named after communal grazing lands (the “commons”) to which each herder could freely add additional livestoc...
Found on
https://academy.allaboutbirds.org/bird-academys-a-to-z-glossary-of-bird-ter
No exact match found.
