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Tragedy of the Commons

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dc.contributor.author Ostrom, Elinor
dc.date.accessioned 2010-06-29T16:14:25Z
dc.date.available 2010-06-29T16:14:25Z
dc.date.issued 2008 en_US
dc.identifier.uri https://hdl.handle.net/10535/5887
dc.description.abstract "The 'tragedy of the commons' arises when it is difficult and costly to exclude potential users from common-pool resources that yield finite flows of benefits, as a result of which those resources will be exhausted by rational, utility-maximizing individuals rather than conserved for the benefit of all. Pessimism about the possibility of users voluntarily cooperating to prevent overuse has led to widespread central control of common-pool resources. But such control has itself frequently resulted in resource overuse. In practice, especially where they can communicate, users often develop rules that limit resource use and conserve resources." en_US
dc.language English en_US
dc.publisher Palgrave Macmillan en_US
dc.relation.ispartof The New Palgrave Dictionary of Economics en_US
dc.subject collective action en_US
dc.subject social dilemmas en_US
dc.subject tragedy of the commons en_US
dc.subject common pool resources en_US
dc.subject free riding en_US
dc.subject open access en_US
dc.title Tragedy of the Commons en_US
dc.type Book Chapter en_US
dc.type.published published en_US
dc.type.methodology Other en_US
dc.subject.sector Social Organization en_US
dc.identifier.citationpubloc New York en_US

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