Generic catastrophic poverty when selfish investors exploit a degradable common resource
The productivity of a common pool of resources may degrade when overly exploited by a number of selfish investors, a situation known as the tragedy of the commons. Without regulations, agents optimize the size of their individual investments into the commons by balancing incurring costs with the ret...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
The Royal Society
2023-02-01
|
| Series: | Royal Society Open Science |
| Subjects: | |
| Online Access: | https://royalsocietypublishing.org/doi/10.1098/rsos.221234 |