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Definition of Tragedy of the commons

Tragedy of the commons Definition from Social Science Dictionaries & Glossaries
Environmental Economics Glossary
The case of a communal pasture area where all individuals are free to graze their livestock. The `tragedy' arises because these `commons' were typically heavily over grazed.
Tragedy of the commons Definition from Science & Technology Dictionaries & Glossaries
Fishery Glossary
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)
Tragedy of the commons Definition from Encyclopedia Dictionaries & Glossaries
Wikipedia English - The Free Encyclopedia
The tragedy of the commons is an economics theory, according to which individuals, acting independently and rationally according to each one's self-interest, behave contrary to the whole group's long-term best interests by depleting some common resource. 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, the office refrigerator, and any other shared resource. 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.