Challenges of Managing Common Resources

Fischer, Manuel; Foord, Daniel; Frecè, Jan Thomas; Hillebrand, Kirsten; Kissling-Näf, Ingrid; Meili, Rahel; Peskova, Marie; Risi, David; Schmidpeter, René Reinald; Stucki, Tobias (2023). Challenges of Managing Common Resources In: Sustainable Business. SpringerBriefs in Business (pp. 29-34). Cham: Springer International Publishing 10.1007/978-3-031-25397-3_3

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Common goods are those natural or man-made resources that serve all members of a particular community and its institutions. Unlike private goods such as cars or mobile phones, all members have free access to commons, i.e., the goods cannot simply be fenced off. As a result, such goods tend to be overused, leading to a loss of welfare-the tragedy of the commons. In this chapter, we discuss the concept of the tragedy of the commons, why it is relevant to global and local environmental problems, and how the social dilemma might be resolved.

Item Type:	Book Section (Book Chapter)
Division/Institute:	Business School > Institute for Sustainable Business Business School > Institute for Sustainable Business > Corporate Responsibility Business School
Name:	Fischer, Manuel; Foord, Daniel; Frecè, Jan Thomas0000-0002-6062-6780; Hillebrand, Kirsten; Kissling-Näf, Ingrid0000-0001-5225-1723; Meili, Rahel0000-0002-1185-2781; Peskova, Marie; Risi, David0000-0003-1652-8806; Schmidpeter, René Reinald and Stucki, Tobias0000-0002-2400-0107
ISBN:	978-3-031-25396-6
Series:	SpringerBriefs in Business
Publisher:	Springer International Publishing
Language:	English
Submitter:	David Risi
Date Deposited:	27 Aug 2024 11:30
Last Modified:	27 Aug 2024 11:30
Publisher DOI:	10.1007/978-3-031-25397-3_3
Uncontrolled Keywords:	Common goods Public goods Tragedy of the commons Collective action Institutional economic
ARBOR DOI:	10.24451/arbor.22280
URI:	https://arbor.bfh.ch/id/eprint/22280