The Tragedy of the Commons will be evident when a growing number of crocodile hunters leads to the loss of crocodiles in many rivers: Possible solutions to this problem include:

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All of the above solutions could be implemented in combination to address the Tragedy of the Commons regarding crocodile hunting. Limiting the number of hunting permits can help control the number of hunters, reducing the overall hunting pressure on crocodile populations. Internalising the externality through crocodile farms can help turn the animals into a private good, reducing hunting pressure on wild populations. Finally, reducing the hunting season can help protect crocodiles during breeding and nesting periods, ensuring their long-term survival.

The Tragedy of the Commons Will Be Evident When a Growing