The concept of the commons has evolved since the publication of Garrett Hardin’s article “The Tragedy of the Commons” in Science (Hardin 1968). Hardin argued that degradation of the environment is likely when sizable numbers of individuals use resources in common. He used the example of pastures in Britain. A pasture is open to all, and many herders directly benefit from grazing their animals there. A rational herder may be motivated to add more animals, continually seeking more benefit. But as more and more animals are released to pasture, the pasture becomes barren. Pursuing this logic, Hardin argued that exhaustion of common resources is inevitable unless the property is owned by a public or private entity that can regulate access to pasture.
Customary Law and Community-Based Natural Resource Management in Post-Conflict Timor-Leste
Related Resources
-
Implications of Cryptocurrency Energy Usage on Climate Change
Zhang, Dongna, Xihui Haviour Chen, Chi Keung Lau, and Bing Xu. 2023. “Implications of Cryptocurrency Energy Usage on Climate Change.” Technological Forecasting and Social Change 187: 122219.
- Authors with Diverse Backgrounds
-
How Much Does Racial Bias Affect Mortgage Lending? Evidence from Human and Algorithmic Credit Decisions
Bhutta, Neil and Hizmo, Aurel and Ringo, Daniel. 2022. “How Much Does Racial Bias Affect Mortgage Lending? Evidence from Human and Algorithmic Credit Decisions.” FEDS Working Paper No. 2022-67, SSRN
- Open Source Results
- Authors with Diverse Backgrounds