Tragedy of the Commons Garret Hardin, Science (1968) Depletion of an open access resource Common ownership Own use ignores the costs imposed on others One more animal placed on the common grazing area enhances the wealth of the owner but decreases the feed for other animals.
{"Image DocumentName": "Tragedy of the Commons Garret Hardin, Science (1968)", "Image ImageDescription": "Depletion of an open access resource. Common ownership. Own use ignores the costs imposed on others. One more animal placed on the common grazing area enhances the wealth of the owner but decreases the feed for other animals. Externalities are public and private. Private externality. Affects a small number of people. Public externality. Affects many people. Has the characteristics of a public good.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}