You are of course right about what the word "commons" refers to. Still, I want to quibble.
Maybe the definition covers both, but I still think it's worth distinguishing between incentives creating a bad equilibrium and simply antisocial behaviours. When I hear "tragedy of the commons", I think of the former.
Maybe the definition covers both, but I still think it's worth distinguishing between incentives creating a bad equilibrium and simply antisocial behaviours. When I hear "tragedy of the commons", I think of the former.