Tragedy of the Commons

Posted on February 12, 2009 by Barnaby Zall

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Dan Hardy, explaining relative traffic speeds in PAMR, uses the example of “the tragedy of the commons,” a concept originated by the late Garrett Hardin, a Univ of California professor, who pointed out that if you have a free public good, like sheep grazing on the village commons, people will use more than their fair share, because it is in their interest to do so. Same with road use and congestion.

Barnaby Zall