• Entry
  • Reader's guide
  • Entries A-Z
  • Subject index

Tragedy of The Commons

The tragedy of the commons is a concept that denotes a specific type of social dilemma in which interdependent individuals face incentives to choose independent actions that maximize their individual benefit but generate a suboptimal aggregate outcome. Garrett Hardin is credited ...

    • Loading...
    locked icon

    Sign in to access this content

    Get a 30 day FREE TRIAL

    • Watch videos from a variety of sources bringing classroom topics to life
    • Read modern, diverse business cases
    • Explore hundreds of books and reference titles