Economics Dictionary of Arguments
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Ostrom,
Elinor
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Mause I 157f
Prisoner's Dilemma/Common
Good/Common/Social Goods/Ostrom: the socalled "tragedy of the commons" (see Social
Goods/Hardin) is often illustrated by the Prisoner's
Dilemma, e.g. Ostrom. (1)
For example, pasture and arable land used jointly
by the farmers of a village.
Options: a) "pure cooperation": restrictions of
individual use to the level compatible with the
collective optimisation
(b) "pure defection": no restriction
In this situation, each player, no matter how the
rest of the villagers behave, will rationally prioritize
>
their individual self-interests: On the one hand,
Prisoner’s everyone has the chance to reach their preferred
Dilemma situation by playing off their 'free rider strategy'.
(...) So while the (weak) Pareto principle calls for
cooperation, the principle of dominance urges
every player to act against the common interest. In
the end, everyone finds themselves in the worst
collective situation. On the repetition of the
Prisoner's Dilemma, see Prisoner's
Dilemma/Fudenberg.
1. Elinor Ostrom, Governing the commons. The
evolution of institutions for collective action.
Cambridge: 1990, p. 3-5.
Meta data
EconOstr I
Elinor Ostrom
Governing the
commons: The
evolution of
institutions for
collective action
Cambridge 1990
Mause I
Karsten Mause
Christian Müller
Klaus Schubert,
Politik und
Wirtschaft: Ein
integratives
Kompendium
Wiesbaden 2018
Economics Dictionary of Arguments
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Explanation of symbols: Roman numerals indicate the source,
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The note [Author1]Vs[Author2] or [Author]Vs[term] is an
addition from the Dictionary of Arguments. If a German edition
is specified, the page numbers refer to this edition.
> Counter arguments against Ostrom
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