Collective Goods Problems Flashcards
1
Q
The Global Commons
A
the shared parts of the earth, such as the oceans and outer space, that do not necessarily fall under the jurisdiction of the state
2
Q
Free Rider
A
when people reap the benefits of the collective goods without contributing
3
Q
Tragedy of the Commons
A
a situation in which individual actors acting in their own rational self-interest combine to create a situation catastrophic to all of the individuals; there is incentive to claim goods for oneself
