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Overgrazing as an Application of the 'Tragedy of the Commons'

Applying the 'tragedy of the commons' theory to herders using a common pasture suggests that the land would inevitably be overgrazed. This outcome is predicted because the private cost for a herder to add one more animal to the pasture is less than the social cost, which is the degradation of the shared resource for all users.

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Updated 2025-08-29

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