6. Common resources and the tragedy of the commons Sam, Andrew, and Darnell are

Question

6. Common resources and the tragedy of the commons Sam, Andrew, and Darnell are hunters who live next to a recreational wildlife game area that is open to hunting; in other words, anyone is free to use the recreational wildlife game area for hunting. Assume that these men are the only three hunters who hunt in this recreational wildlife game area and that the recreational wildlife game area is large enough for all three hunters to hunt intensively at the same time Each year, the hunters choose independently how often to hunt; specifically, they choose whether to hunt intensively (that is, to set several traps and hunt long hours, which hurts the sustainability of the recreational wildlife game area if enough people do it) or to hunt nonintensively (which does not hurt the sustainability of the recreational wildlife game area). None of them has the ability to control how much the others hunt, and each hunte cares only about his own profitability and not about the state of the recreational wildlife game area. Assume that as long as no more than one hunter hunts intensively, there are enough animals to restock the recreational wildlife game area. However, if two or more hunt intensively, the recreational wildlife game area will become useless in the future. Of course, hunting intensively eams a hunter more money and greater profit because he can sell more animals. The recreational wildlife game area is an example of because the animals in the recreational wildlife game area are and Depending on whether Andrew and Darnell both choose to hunt either nonintensively or intensively, fill in Sam's profit-maximizing response in the following table, given Andrew and Damel's actions. Andrew and Darnell's Actions Hunt Nonintensively Hunt Intensively Sam's Profit-Maximizing Response Which of the following solutions could ensure that the recreational wildlife game area is sustainable in the long run, assuming that the regulation is enforceable? Check all that apply outlaw intensive hunting. Convert the recreational wildlife game area to private property, and allow the owner to sell hunting rights. O Develop a program that entices more hunters to move to the area.

Explanation / Answer

Ans)

common resource rival and excludable

hunt intensively in both cases (Each hunter will look for their own interests)

Outlaw intensive hunting Convert the recreational wildlife game area to private property, and allow the owner to sell hunting rights. (These measures will ensure effective implementation of laws and make intensive hunting difficult thereby ensuring that the animals do not go extinct.)

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