Tragedy of the Commons

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A social dilemma regarding an individual’s responsibility to others; the tragedy of the commons derives from situations in which one player takes more than his/her share of a resource—the 'commons'—which means that all participants will suffer
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There is the case of the tragedy of the commons, a situation where individual users acting according to their own self-interest end up in destroying the common good.
The tragedy of the commons is a well-known economic model that describes what happens when individuals act solely according to their own self-interest in a manner contrary to the common good.
Vanquishing every form of The Tragedy of the Commons in the use of forest resources, so that people stop acting selfishly.
The tragedy of the commons, as it is known in the Economic Literature, says that when a resource is overly used, such that demand outweigh supply, then everyone eventually lose the resource.
It is my firm belief that no Nile Basin Member State would entertain the idea that "the tragedy of the commons" may befall our great River.
The conservative interpretation of 'the tragedy of the commons' usually takes Garrett Harden's widely-cited work as a point of departure, leading to the familiarly pessimistic conclusions about the over-use and unsustainability of common land.
There's a famous dilemma that economists refer to as "the tragedy of the commons." The typical example is an open, publicly owned pasture where people are free to graze their cows for profit.
3 delves into the tragedy of the commons in influencer marketing.
The primary research question that the article tries to answer is the following: what is the role of social capital in avoiding the tragedy of the commons? In order to provide an answer to this question, we advance one hypothesis and respond to five related secondary research questions.
"The Tragedy of the Commons" is a situation where players have to cooperate to avoid everyone from suffering loses, yet each individual has the incentive to not cooperate.
It is possible that as economists and game theorists have settled upon using the tragedy of the commons model to analyse international climate negotiations, they have created one of these self-fulfilling prophecies.
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