The Tragedy of the Commons from a Game-Theoretic Perspective
Twenty years after the declarations from the Earth Summit in Rio, the world faces an unattenuated host of problems that threaten the goal of sustainable development. The challenge to cooperatively solve socio-ecological problems has been portrayed in Garrett Hardin’s essay “The Tragedy of the Commons”. While this paper remains controversial, it has inspired a vast number of theoretical, experimental, and empirical contributions that have clarified the mechanisms of collective action problems and suggested ways to overcome these. This article reviews the recent game-theoretic research in this field.
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- Charles F. Mason & Stephen Polasky & Nori Tarui, 2016. "Cooperation on Climate-Change Mitigation," CESifo Working Paper Series 5698, CESifo Group Munich.
- Elinor Ostrom, 2000. "Collective Action and the Evolution of Social Norms," Journal of Economic Perspectives, American Economic Association, vol. 14(3), pages 137-158, Summer.
- Stephen Polasky & Nori Tarui & Gregory Ellis & Charles Mason, 2006. "Cooperation in the commons," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 29(1), pages 71-88, September.
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