The Tragedy of the Commons
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Hardin's tragedy of the commons describes an unregulated, open-access resource degrading because each user gains from use while sharing the cost with everyone else.
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Herders each adding cattle to an open, unowned pasture gain individually while the shared land degrades.
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Ostrom found collectively governed commons, unlike Hardin's open-access case, frequently avoid this outcome through community institutions.
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- Nothing yet depends on this.