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Definition of Tragedy of the commons

Tragedy of the commons Definition from Social Science Dictionaries & Glossaries
Environmental Economics Glossary
The case of a communal pasture area where all individuals are free to graze their livestock. The `tragedy' arises because these `commons' were typically heavily over grazed.
Tragedy of the commons Definition from Science & Technology Dictionaries & Glossaries
Fishery Glossary
The degradation of a common property natural resource through continued exploitation of that resource after the MSY has been reached. If the resource is sufficiently valuable and no controls on exploitation are imposed, the resource may be exploited to extinction. Keen (1998)
Tragedy of the commons Definition from Encyclopedia Dictionaries & Glossaries
English Wikipedia - The Free Encyclopedia
The tragedy of the commons is a term, probably coined by the Victorian economist William Forster Lloyd and later used by the ecologist Garrett Hardin, to denote a situation where individuals acting independently and rationally according to their own self-interest behave contrary to the best interests of the whole by depleting some common resource. The concept was based upon an essay written in 1833 by Lloyd, who used a hypothetical example of the effects of unregulated grazing on common land in the British Isles. This became widely-known over a century later due to an article written by Garrett Hardin in 1968.

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Tragedy of the commons Definition from Society & Culture Dictionaries & Glossaries
Environmental Engineering (English ver.)
The concept that no one takes responsibility for things theat everybody owns.