Practice question · Select all that apply
Which situations are tragedies of the commons?
Hints
- The problem needs a shared resource with private gains.
- Bearing your own depletion is a different situation entirely.
Show the answer
- A. Fishing fleets depleting an unowned fishery
- C. Overgrazing on a shared village pasture
- D. Factories venting CO2 into a free atmosphere
Why
The tragedy needs a shared resource with private gains and socialized costs. The private farmer bears his own depletion, foolish perhaps, but not a commons problem; that is why property rights, quotas, and carbon prices are the standard cures.
Practise Social Change and Environment
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