I wish to offer a clarification, since at least two posters have misunderstood what I meant by the term "tragedy of the Commons". Please check the source below.
http://www.econlib.org/library/Enc/TragedyoftheCommons.html
To paraphrase, when a good is held in common and used by all--as grazing land for a community--but the benefits accrue to individuals, over time the good will be overused because the gain for an individual of taking more of the common good will be greater than their share of the loss due to the overall degradation of that. It is in the villager's interest to add another sheep or cow to the common grazing ground; the damage that overgrazing does will be shared among all the animals (and their owners) but the benefit of the additional animal will be solely his.
Hope this clarified it, MK