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CC-PP game - 1 reference results
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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. The concept is a formalism of the closely related phenomenon known as the Tragedy of the commons.

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.

With regard to finances, similar terminology is used. Governmnent sponsoring and bailouts such as the federal takeover of Fannie Mae and Freddie Mac and the proposed bailout of the U.S. financial system in the economic crisis of 2008 have frequently been referred to in the U.S. in similar terms, such as “private gains and public losses” or “privatization of profits and socialization of losses”.

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Last updated on Saturday October 04, 2008 at 22:20:05 PDT (GMT -0700)
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Sponsored Links Play Arcade Games
Play Over 700 Arcade Games On Track247.com
www.track247.com
Collateralized Financing
Financing for High Net Worth Client Credit Line Financing
www.cartierwealth.biz
Online Games
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