Uploaded May 2026 | Updated September 2026, 2 weeks ago
The Tragedy of the Commons occurs when individuals over-exploit a shared, non-excludable resource for personal gain. Because users ignore the collective cost of their consumption, the resource is inevitably depleted. This market failure highlights the conflict between rational self-interest and the long-term sustainability of vital, communal assets.
The Tragedy of the Commons occurs when individuals over-exploit a shared, non-excludable resource for personal gain. Because users ignore the collective cost of their consumption, the resource is inevitably depleted. This market failure highlights the conflict between rational self-interest and the long-term sustainability of vital, communal assets.
