Demography, Population, and Ecology Commons^™

Digging Deeper Into Hardin's Pasture: The Complex Institutional Structure Of "The Tragedy Of The Commons", Daniel H. Cole, Graham Epstein, Michael D. Mcginnis

Articles by Maurer Faculty

The institutional and ecological structure of Hardin’s “tragedy of the commons” appears deceptively simple: the open-access pasture eventually will be overexploited and degraded unless (i) it is privatized, (ii) the government regulates access and use, or (iii) the users themselves impose a common-property regime to regulate their own access and use. In this paper, we argue that the institutional structure of the “Herder Problem” (as it is known to game theorists) is far more complicated than it is usually portrayed. Specifically, it is not just about the pasture. It is equally about the grass that grows on the pasture and …