2017
DOI: 10.1515/rle-2016-0011
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The Tragedy of the Uncommons

Abstract: We develop and discuss a new institutional concept, “the tragedy of the uncommons,” to describe the inefficient use of resources that are both non-substitutable and transitory. This situation is not captured by the tragedy of the commons/anti-commons literature or other theories. We highlight the crucial and under-appreciated assumptions about value over time of the tragedy of the commons and anticommons. We also introduce the concepts of “under” and “over-ownership” to the bundle of rights theory of property … Show more

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“…As a result, they may prefer to be bystanders, a situation leading to inertia or deadlock where no party can stick out ahead, or is willing to initiate action. The problem of this kind is also known as the 'tragedy of the commons'-a problem where everybody suffers, but nobody is motivated (able and willing) to act [26]. In the economics literature, the bystander effect is also referred to as the free-rider effect, with which, the free-rider motivation is based on the expectation that others will pay for the common good.…”
Section: Gaps Of the Active And On The Collaborative Routementioning
confidence: 99%
“…As a result, they may prefer to be bystanders, a situation leading to inertia or deadlock where no party can stick out ahead, or is willing to initiate action. The problem of this kind is also known as the 'tragedy of the commons'-a problem where everybody suffers, but nobody is motivated (able and willing) to act [26]. In the economics literature, the bystander effect is also referred to as the free-rider effect, with which, the free-rider motivation is based on the expectation that others will pay for the common good.…”
Section: Gaps Of the Active And On The Collaborative Routementioning
confidence: 99%