3 ms·
That's a confusing question. The tragedy of the commons happens specifically when a resource is under- or un-priced.
by ip26 7y ago
That's a confusing question. The tragedy of the commons happens specifically when a resource is under- or un-priced.
- not_a_cop75 7y agoIt's not a confusing question. The tragedy of the commons happens when a company or person abuses a resource that is provided for the good of all. We can look at any company and realize that compared to an average individual the pollution and resource consumption is crazy. The problem with industry is that everything is value added but nobody looks at externalities sufficiently or value subtracted.
- jbay808 7y agoIf a free market is left alone to set prices, do any resources end up under-priced?
- ip26 7y agoNo- but that presupposes the existence of a well functioning free market, which everyone agrees we do not have with water.