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solutions, external links
*Global [[pollution]]
*Global [[pollution]]
==Solutions==
One solution to the problem of the commons is to [[privatize]] the pasture, that is, give ownership of the pasture to one or more of the farmers. If the farmer owns the pasture he no longer shares the cost of adding cows with any one. Now a self-interested decision made by the farmer no longer leads to his own destruction. This approach has been taken to save many common areas, such as pastures and fishing waters. Applying the idea of a problem of the commons can even be used to reduce pollution.
==External Links==
*The Concise Encyclopedia of Economics. [http://www.econlib.org/library/Enc/TragedyoftheCommons.html ''The Tragedy of the commons'']
[[Category:Economics]]
[[Category:Economics]]
[[Category:Game theory]]
[[Category:Game theory]]
[[Category:Political doctrines]]
[[Category:Political doctrines]]