Global Commons

Property rights over the commons

Tragedy of the commons and the free rider problem

I'm going to talk briefly about two of them the prisoner's dilemma and the tragedy of the commons.

The other major narrative of social dilemmas is the tragedy of the commons.

The tragedy of the commons is the problem that, because no one person owns the commons, each individual has an incentive to utilize common resources as much as possible.

While acknowledging that issues surrounding compensation for losses to global commons were unique and complex and required separate treatment, some delegations would have preferred the application of the draft principles to the global commons.

10. Antarctica was part of the global commons and must be preserved for all mankind and used exclusively for peaceful purposes.

54. One outcome was three volumes entitled The Environment and Emerging Development Issues Economics of Transnational Commons, and a textbook on environmental economics.

The phrase quot global commons quot was known in common law the term quot common heritage of mankind quot was its equivalent in the civil law regime.

Biological resources beyond national jurisdiction are resources shared by all States, also referred to in economic terms as global commons .

Among its outcomes has been a publication entitled The Economics of Transnational Commons and a report on A Global Environmental Compact for Sustainable Development Resource Requirements and Mechanisms.

Among the outcomes to date have been a volume entitled The Economics of Transnational Commons, and a report entitled quot A global environmental compact for sustainable development resource requirements and mechanisms quot .

In areas beyond national jurisdiction, collective action is essential for effective conservation and management, not only to support species and habitat recovery in more heavily impacted zones, but also to maintain the biodiversity of the international commons for the benefit of all.