Definition of Tragedy of the commons
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Tragedy of the commons Definition from Social Science Dictionaries & Glossaries
Environmental Economics Glossary
Tragedy of the commons Definition from Science & Technology Dictionaries & Glossaries
The degradation of a common property natural resource through continued exploitation of that resource after the MSY has been reached. If the resource is sufficiently valuable and no controls on exploitation are imposed, the resource may be exploited to extinction. Keen (1998)FAO
Tragedy of the commons Definition from Encyclopedia Dictionaries & Glossaries
Wikipedia English - The Free Encyclopedia
The tragedy of the commons is an economics theory by Garrett Hardin, according to which the depletion of a shared resource by individuals, acting independently and rationally according to each one's self-interest, despite their understanding that depleting the common resource is contrary to the group's long-term best interests. The concept is often cited in connection with sustainable development, meshing economic growth and environmental protection, as well as in the debate over global warming. "Commons" can include the atmosphere, oceans, rivers, fish stocks, national parks, advertising, and even parking meters. The tragedy of the commons has particular relevance in analyzing behavior in the fields of economics, evolutionary psychology, anthropology, game theory, politics, taxation, and sociology. Some also see the "tragedy" as an example of emergent behavior, the outcome of individual interactions in a complex system.
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Tragedy of the commons Definition from Society & Culture Dictionaries & Glossaries
Environmental Engineering (English ver.)
The concept that no one takes responsibility for things theat everybody owns.