Challenges of Managing Common Resources

Manuel Fischer, Daniel Foord, Jan Frecè, Kirsten Hillebrand, Ingrid Kissling-Näf, Rahel Meili, Marie Peskova, David Risi, René Schmidpeter and Tobias Stucki
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Manuel Fischer: Bern University of Applied Sciences
Daniel Foord: Bern University of Applied Sciences
Jan Frecè: Bern University of Applied Sciences
Kirsten Hillebrand: Bern University of Applied Sciences
Ingrid Kissling-Näf: Bern University of Applied Sciences
Rahel Meili: Bern University of Applied Sciences
Marie Peskova: Bern University of Applied Sciences
David Risi: Bern University of Applied Sciences
René Schmidpeter: Bern University of Applied Sciences
Tobias Stucki: Bern University of Applied Sciences

Chapter Chapter 3 in Sustainable Business, 2023, pp 29-34 from Springer

Abstract: Abstract Common goods are those natural or man-made resources that serve all members of a particular community and its institutions. Unlike private goods such as cars or mobile phones, all members have free access to commons, i.e., the goods cannot simply be fenced off. As a result, such goods tend to be overused, leading to a loss of welfare-the tragedy of the commons. In this chapter, we discuss the concept of the tragedy of the commons, why it is relevant to global and local environmental problems, and how the social dilemma might be resolved.

Keywords: Common goods; Public goods; Tragedy of the commons; Collective action; Institutional economics (search for similar items in EconPapers)
Date: 2023
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DOI: 10.1007/978-3-031-25397-3_3

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