5. The problem of overuse Aa Aa Brian, Mitch, and Tim are hunters who live next

Question

5. The problem of overuse Aa Aa Brian, Mitch, and Tim are hunters who live next to a hunting ground that is open to hunting; in other words, anyone is free to use the hunting ground for hunting. Assume that these men are the only three hunters who hunt in this hunting ground and that the hunting ground 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 hunting ground if enough people do it) or to hunt nonintensively (which does not hurt the sustainability of the hunting ground). None of them has the ability to control how much the others hunt, and each hunter only cares about his own profitability and not the long-term sustainability of the hunting ground Assume that as long as no more than one hunter hunts intensively, there are enough animals to restock the hunting ground. However, if two or more hunt intensively, the hunting ground will become useless. Of course, hunting intensively earns a hunter more money because he can sell more animals. The hunting ground is an example of because it is and an artificially scarce good a public good a private good a common resource Suppose Mitch and Tim both choose in the following table, given Mitch and Tim's action ntensively. Fil in Brian's most rational response Mitch and Tim's Action Hunt Nonintensively Hunt Intensively Brian's most rational response: Which of the following solutions could ensure that the hunting ground is sustainable in the long run? Check all that apply. Develop a program that entices more hunters to move to the area. Convert the hunting ground to private property and allow the owner to sell hunting rights Outlaw hunting intensively.

Explanation / Answer

Hunting is an example of a common resource.

due the lack of property rights allocate on the hunting ground, a solution to prevent the degradation of the lands is to the convert the hunting ground to private property and allow the owner to sell hunting rights

Related Questions

Navigate

• Browse (All)
• Browse 5
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.