Random Priority: A Probabilistic Resolution of the Tragedy of the Commons

Herve Moulin and Hervé Crès ()
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Hervé Crès: ECON - Département d'économie (Sciences Po) - Sciences Po - Sciences Po - CNRS - Centre National de la Recherche Scientifique

Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) from HAL

Abstract: The celebrated "tragedy of the commons" arises when a certain technology with increasing marginal cost is the common property of its users. Examples include the exploitation of fisheries and other natural resources, as well as queuing problems where users want a service and the externalities result from congestion.

Date: 2022-03-04
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Related works:
Working Paper: Random Priority: A Probabilistic Resolution of the Tragedy of the Commons (2022)
Working Paper: Random Priority: A Probabilistic Resolution of the Tragedy of the Commons (2022)
Working Paper: Random Priority: A Probabilistic Resolution of the Tragedy of the Commons (1998)
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