What is the implied assumption about how people behave in the tragedy of the commons? Do you
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What is the implied assumption about how people behave in the “tragedy of the commons”? Do you think this is always the way people behave? How might different institutions and incentives work into your answer?
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The tragedy of the commons is a concept in environmental and resource economics that is based on the assumption of how people may behave in a specific ...View the full answer
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Ali Khawaja
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Related Book For 
Economics An Introduction To Traditional And Progressive Views
ISBN: 9780765616685
7th Edition
Authors: Howard J. Sherman, E. K. Hunt, Reynold F. Nesiba, Phillip A. O'Hara, Barbara A. Wiens-Tuers
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