Tragedy of the Commons 5.1

Common

An area used by all but regulated by none

Tragedy of the Commons

Individuals will use shared resources in their own self-interest rather than keeping with the common good, depletion of resources.

Sustainable use fo the commons

• Identification of sustainable yields

• Regulated use/replenish after use

• Enforcement

• Consequences

• Privatization of the common

Depletion

Reduction in the number or quantity of something