Governing the Commons: The Evolution of Institutions for Collective Action (Political Economy of Institutions and Decisions)
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Governing the Commons: The Evolution of Institutions for Collective Action (Political Economy of Institutions and Decisions)
The Gossip Trap - By Erik Hoel - The Intrinsic Perspective
erikhoel.substack.comerikhoel.substack.comFields of Gold: Financing the Global Land Rush (Cornell Series on Land: New Perspectives on Territory, Development, and Environment)
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The Entrepreneurial State: Debunking Public vs. Private Myths in Risk and Innovation (Anthem Other Canon Economics Book 1)
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This is what is often called a "tragedy of the commons." Each dairy farmer has an incentive to add more cows to his herd, because he obtains the benefits of the additional cows while suffering only a fraction of the costs; but collectively the cows ruin the pasture. Dairy farmers need to find some way to avert this tragedy, perhaps throug
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