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The government failures in solving the tragedy of the commons - the example of EU Common Fisheries Policy

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  • Rafal M. Jakubowski

    (Wroclaw University of Economics)

Abstract

The tragedy of the commons occurs when too many users extensively use public goods, such: common pastures, fisheries, roads, etc. As it is shown in the paper (particularly basing on the UE fisheries policy), defining strong property rights to common resources (and allowing to trade these rights) may be the effective solution of the tragedy of the commons.

Suggested Citation

  • Rafal M. Jakubowski, 2010. "The government failures in solving the tragedy of the commons - the example of EU Common Fisheries Policy," Ekonomia i Prawo, Uniwersytet Mikolaja Kopernika, vol. 6(1), pages 435-445, December.
    • Handle: RePEc:cpn:umkeip:v:6:y:2010:i:1:p:435-445
    DOI: 10.12775/EiP.2010.030
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    Keywords

    government failures; tragedy of the commons; public goods; UE fisheries policy; property rights;
    All these keywords.

    JEL classification:

    • A - General Economics and Teaching

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