Problem

Lack of incentive to care for community property

Other Names:
Asymmetry in economic system incentives
Tragedy of the commons
Exploitation of nature as a public good
Nature:

The global commons are global natural resources not particular to any one state, such as the atmosphere, the oceans and the fish in them. Valuable as they are to individual users and to the collective as a whole, free commons deter ameliorative or preventive action by individual users since that is perceived as conferring advantages and benefits on those users who fail to participate in such ameliorative action. Since nature is assumed to be a public good, destruction of forests, for example, goes unchecked although these negatively affect micro-regional, national and global environmental levels where this impact is ignored in the interest of immediate industrial gains.

Incidence:

Energy production, for example, yields valuable services whose allocation in the economic system is, like goods and services in general, effectively handled through the market place and property rights (in a market-oriented society). But the residual mass of these energy resources, after use, flows back into the common-property resources, within or across countries, namely into the atmosphere or into water systems. When access to such waste refuses is unimpeded and free, overuse and degradation is the inevitable result.

Related UN Sustainable Development Goals:
GOAL 3: Good Health and Well-beingGOAL 11: Sustainable Cities and CommunitiesGOAL 12: Responsible Consumption and ProductionGOAL 15: Life on Land
Problem Type:
F: Fuzzy exceptional problems
Date of last update
04.10.2020 – 22:48 CEST