CC–PP game

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The Commonize Costs–Privatize Profits Game (or CC–PP Game) is a concept developed by the ecologist Garrett Hardin to describe a "game" (in the game theory sense) widely played in matters of resource allocation.[1] The concept is a formalism of the closely related phenomenon known as the tragedy of the commons,[2] and is referred to in political discourse as "privatizing profits and socializing losses".

Players of the CC–PP Game aim to commonize the costs (or externalities) generated by their activities across the wider community, while privatizing all profits (financial or otherwise) to themselves.

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References[edit]

  1. ^ Hardin, G. (1985). Filters Against Folly, How to Survive despite Economists, Ecologists, and the Merely Eloquent, Viking Penguin, ISBN 0-670-80410-X
  2. ^ Hardin, G. (1968). The Tragedy of the Commons. Science 162, 1243–1248. doi:10.1126/science.162.3859.1243

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