EconExperiments - Tragedy of Commons
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| Concepts & Keywords Illustrated: | |||
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Property rights; | ||
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Private property right; | ||
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Common property right; | ||
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The tragedy of commons | ||
| Brief description: | |||
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Students will be divided into 8 groups of 5 to represent 8 fishermen. They jointly own a pond. These 8 fishermen, under the restriction of no communication between them, are allowed to fish from their pond. | ||
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For the first round, every six fish caught will be awarded for 1 candy. Should there be any left for the second round, every six fish caught will be awarded for 2 candies. | ||
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Then this game will be played for another two times in which fishermen are allowed to communicate and private property right is in place respectively. | ||
Teaching Materials:
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5) Powerpoint Presentation of the Lesson (Chinese) |
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3) 12.8 Workshop participants (class 2) |
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