Difference between revisions of "Tragedy of the commons"
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| − | The problem of the commons refers to how a publicly available resource becomes run-down because no one has an incentive to maintain or improve it. An example of this problem is a public park that becomes unsafe. | + | The '''problem of the commons''' refers to how a publicly available resource becomes run-down because no one has an incentive to maintain or improve it. An example of this problem is a public park that becomes unsafe. |
[[Category:Political doctrines]] | [[Category:Political doctrines]] | ||
Revision as of 01:31, August 2, 2007
The problem of the commons refers to how a publicly available resource becomes run-down because no one has an incentive to maintain or improve it. An example of this problem is a public park that becomes unsafe.