alt Hacker NewsTragedy of the commons. The person that ruins a commons first takes all the supply.
This is why regulation before, not after, the commons are plundered, is important.
Tragedy of the commons. The person that ruins a commons first takes all the supply.
This is why regulation before, not after, the commons are plundered, is important.
Rather depends on the "spoils" capacity of the channel.
The windfall may not even justify the initial expenditure before it's exhausted.