Theoretically, when property rights are difficult to establish, multi-country agreements could help to solve the tragedy of the commons, but it has not been possible to establish any such agreement to date.

Question

Quizplus · Accepted Answer

There have been multi-country agreements, such as the Paris Agreement, aimed at addressing issues related to the tragedy of the commons, like climate change.

Theoretically, When Property Rights Are Difficult to Establish, Multi-Country Agreements