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Flashcards in Tragedy of the Commons Deck (10)
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1

Tragedy of the Commons

The tendency of any resource that is unowned, and hence, non excludable to be overused and under maintained

2

Common resources

those that are nonexcluable but rival

3

Common resources get

depleted as more people use them

4

Tragedy of the common refers to the destruction of the ________ . In the case of tuna, it means _____

common resources, collapse of fishing stock

5

Examples of tragedy of commons besides tuna

kitchen w roommates, hunting elephants and rhinos

6

Command and control (remedy for tragedy of the commons)

rules and regulations that are used to limit or avoid tragedy

7

Cultural norms (remedy for tragedy of the commons)

those who damage (overuse) resource are socially disapproved while those that use resource wisely are praised

8

Creating property rights (remedy for tragedy of the commons)

making a common resource excludable- making a common resource "behave" like a private resource

9

The tragedy of the commons is

not inevitable

10

Enforcement of ____ can prevent tragedy of commons

norms