Difference between revisions of "Tragedy of the commons"
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(New page: 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 p...) |
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Revision as of 01:28, April 9, 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.