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Random Priority: A Probabilistic Resolution of the Tragedy of the Commons

Author

Listed:
  • Hervé Moulin

    (University of Glasgow, CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique)

  • Hervé Crès

    (ECON - Département d'économie (Sciences Po) - Sciences Po - Sciences Po - CNRS - Centre National de la Recherche Scientifique)

Abstract

The celebrated "tragedy of the commons" arises when a certain technology with increasing marginal cost is the common property of its users. Examples include the exploitation of fisheries and other natural resources, as well as queuing problems where users want a service and the externalities result from congestion.

Suggested Citation

  • Hervé Moulin & Hervé Crès, 2022. "Random Priority: A Probabilistic Resolution of the Tragedy of the Commons," SciencePo Working papers Main hal-03598177, HAL.
    • Handle: RePEc:hal:spmain:hal-03598177
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    Cited by:

    1. Lars Ehlers & Bettina Klaus, 2003. "Probabilistic assignments of identical indivisible objects and uniform probabilistic rules," Review of Economic Design, Springer;Society for Economic Design, vol. 8(3), pages 249-268, October.
    2. Ehlers, Lars & Peters, Hans & Storcken, Ton, 2002. "Strategy-Proof Probabilistic Decision Schemes for One-Dimensional Single-Peaked Preferences," Journal of Economic Theory, Elsevier, vol. 105(2), pages 408-434, August.

    More about this item

    JEL classification:

    • D60 - Microeconomics - - Welfare Economics - - - General
    • D62 - Microeconomics - - Welfare Economics - - - Externalities
    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior

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