What is the tragedy of the commons?
Why is it rational for individuals to overuse public goods?
How does this phenomenon help to explain the difficulty of managing the sustainable use of commonly held public property?

Answer: 1. The tragedy of the commons is a situation in a shared-resource system where individual users, acting independently according to their own self-interest, behave contrary to the common good of all users by depleting or spoiling the shared resource through their collective action. /

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What is the tragedy of the commons? Why is it rational for individuals to overuse public goods? How does this phenomenon help to explain the difficulty of managing the sustainable use of commonly held public property?

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What is the tragedy of the commons?
Why is it rational for individuals to overuse public goods?
How does this phenomenon help to explain the difficulty of managing the sustainable use of commonly held public property?