Tragedy of the Commons
EconomicsEnvironmental ScienceResource Management
The Tragedy of the Commons explains how individuals acting in their self-interest can deplete shared resources.
Introduction
The Tragedy of the Commons explains how individuals acting in their self-interest can deplete shared resources.
Core Principles
- Individual vs. Collective Interest: Overuse harms the group.
- Resource Management: Regulation prevents overexploitation.
- Sustainability: Long-term resource preservation benefits all.
Applications
- Environmental policy for managing natural resources.
- Urban planning for shared public spaces.
Related Resources
- Book: "Governing the Commons" by Elinor Ostrom.
- Tools: Resource management models.