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/Governing the Commons/, part 1: setting the scene

Oddly Influenced

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The Importance of Commons

A commons is a renewable resource. A rival resource is one where if I consume a unit, you can't. In the case of lumber harvesting, your family has no incentive to put all the best logs in one pile because that pile will almost certainly go to some other family. It's possible to extract units of the resource faster than it's renewed. Over extraction can permanently reduce the resource's productivity.

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