X refers to a dilemma first described by Garrett Hardin and published in the journal Science in 1968. Typical solutions to X include government regulation and privatization.
Ostrom, the winner of the 2009 Nobel Prize in Economics, in her work has showed that X was not a given whenever people shared resources, which had no owners or were publically owned, and that resources can be successfully managed by groups using it and without government regulation or privatization.
X has relevance to varied fields like that of economics, pshychology, game theory, sociology and etc.
What's the phrase that X is a placeholder for?
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5 comments:
Stimulus
Tragedy of the commons
Tragedy of the Commons. Something we have so far avoided in this group :)
Something like innovator's dilemma or newcomer's dilemma?
X is "Tragedy of the commons". http://en.wikipedia.org/wiki/Tragedy_of_the_commons
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