IDEAS home Printed from https://ideas.repec.org/a/taf/jeduce/v33y2002i3p236-253.html
   My bibliography  Save this article

Classroom Games: The Allocation of Renewable Resources Under Different Property Rights and Regulation Schemes

Author

Listed:
  • Kelly L. Giraud
  • Mark Herrmann

Abstract

The authors describe a renewable resource allocation game designed to stimulate students' interest in and understanding of market failure associated with open-access types of resource use. They also use the game to discuss the advantages and disadvantages of various property rights and regulation schemes. Because this exercise demonstrates the power of unregulated and regulated economic incentives, many types of students may benefit from this game, including undergraduates enrolled in the standard introductory and in more advanced microeconomics classes, as well as courses in environmental economics and natural resource economics. This game was specifically designed so that noneconomics majors in natural resource management and environmental courses could also benefit.

Suggested Citation

  • Kelly L. Giraud & Mark Herrmann, 2002. "Classroom Games: The Allocation of Renewable Resources Under Different Property Rights and Regulation Schemes," The Journal of Economic Education, Taylor & Francis Journals, vol. 33(3), pages 236-253, September.
    • Handle: RePEc:taf:jeduce:v:33:y:2002:i:3:p:236-253
    DOI: 10.1080/00220480209595189
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/00220480209595189
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/00220480209595189?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Homans, Frances, 1993. "Modeling regulated open access resource use," Faculty and Alumni Dissertations 313184, University of Minnesota, Department of Applied Economics.
    2. Homans, Frances R. & Wilen, James E., 1997. "A Model of Regulated Open Access Resource Use," Journal of Environmental Economics and Management, Elsevier, vol. 32(1), pages 1-21, January.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Joshua M. Duke & David M. Sassoon, 2017. "A classroom game on a negative externality correcting tax: Revenue return, regressivity, and the double dividend," The Journal of Economic Education, Taylor & Francis Journals, vol. 48(2), pages 65-73, April.
    2. Boris Nikolaev, 2014. "Using Experiments and Media to Introduce Game Theory into the Principles Classroom," Journal of Private Enterprise, The Association of Private Enterprise Education, vol. 29(Spring 20), pages 149-160.
    3. Lynne Y. Lewis, 2011. "Environmental and Natural Resource Economics: Teaching the Non-Major and Major Simultaneously," Chapters, in: Gail M. Hoyt & KimMarie McGoldrick (ed.), International Handbook on Teaching and Learning Economics, chapter 46, Edward Elgar Publishing.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Homans, Frances R. & Wilen, James E., 2000. "Market Rent Dissipation In Regulated Open Access Fisheries," 2000 Annual meeting, July 30-August 2, Tampa, FL 21878, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    2. Wilen, James E. & Homans, Frances R., 1998. "What do regulators do? Dynamic behavior of resource managers in the North Pacific Halibut Fishery 1935-1978," Ecological Economics, Elsevier, vol. 24(2-3), pages 289-298, February.
    3. Yue Tan & Sunny L. Jardine, 2019. "Considering Economic Efficiency in Ecosystem-Based Management: The Case of Horseshoe Crabs in Delaware Bay," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 72(2), pages 511-538, February.
    4. Staffan Waldo & Anton Paulrud, 2017. "Reducing Greenhouse Gas Emissions in Fisheries: The Case of Multiple Regulatory Instruments in Sweden," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 68(2), pages 275-295, October.
    5. Martin F. Quaas & Max T. Stoeven & Bernd Klauer & Thomas Petersen & Johannes Schiller, 2018. "Windows of Opportunity for Sustainable Fisheries Management: The Case of Eastern Baltic Cod," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 70(2), pages 323-341, June.
    6. Smith, Martin D. & Zhang, Junjie & Coleman, Felicia C., 2005. "Bayesian Bioeconomics of Marine Reserves," 2005 Annual meeting, July 24-27, Providence, RI 19409, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    7. Tarui, Nori & Mason, Charles F. & Polasky, Stephen & Ellis, Greg, 2008. "Cooperation in the commons with unobservable actions," Journal of Environmental Economics and Management, Elsevier, vol. 55(1), pages 37-51, January.
    8. Da Rocha, José María & Gutiérrez Huerta, María José, 2010. "Endogenous fisheries management in a stochastic model: Why do fishery agencies use TAC," DFAEII Working Papers 1988-088X, University of the Basque Country - Department of Foundations of Economic Analysis II.
    9. Christopher Costello & Corbett A. Grainger, 2018. "Property Rights, Regulatory Capture, and Exploitation of Natural Resources," Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 5(2), pages 441-479.
    10. Clark, Colin W. & Munro, Gordon R. & Sumaila, Ussif Rashid, 2005. "Subsidies, buybacks, and sustainable fisheries," Journal of Environmental Economics and Management, Elsevier, vol. 50(1), pages 47-58, July.
    11. Robert Deacon & Charles Kolstad & Allen Kneese & David Brookshire & David Scrogin & Anthony Fisher & Michael Ward & Kerry Smith & James Wilen, 1998. "Research Trends and Opportunities in Environmental and Natural Resource Economics," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 11(3), pages 383-397, April.
    12. Berck, Peter & Costello, Christopher, 2000. "Overharvesting the traditional fishery with a captured regulator," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt94t2p8qq, Department of Agricultural & Resource Economics, UC Berkeley.
    13. Akihito Asano & Kelly Neill & Satoshi Yamazaki, 2016. "Decomposing Fishing Effort: Modelling The Sources Of Inefficiency In A Limited-Entry Fishery," Economics Discussion / Working Papers 16-23, The University of Western Australia, Department of Economics.
    14. Kailin Kroetz & James N. Sanchirico & Daniel K. Lew, 2015. "Efficiency Costs of Social Objectives in Tradable Permit Programs," Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 2(3), pages 339-366.
    15. Wehner, Nicholas & Mackay, Mary & Jennings, Sarah & van Putten, E.I. & Sibly, Hugh & Yamazaki, Satoshi, 2018. "When push comes to shove in recreational fishing compliance, think ‘nudge’," MarXiv 2fyuc, Center for Open Science.
    16. Fong, Quentin S. W. & Anderson, James L., 2002. "International shark fin markets and shark management: an integrated market preference-cohort analysis of the blacktip shark (Carcharhinus limbatus)," Ecological Economics, Elsevier, vol. 40(1), pages 117-130, January.
    17. Moor, Jordan & Asche, Frank & Ropicki, Andrew J., 2023. "Renewable resource market responses under rights-based management: linkages in Gulf of Mexico fisheries," 2023 Annual Meeting, July 23-25, Washington D.C. 335749, Agricultural and Applied Economics Association.
    18. Gardner Brown, 2000. "Renewable Natural Resource Management and Use Without Markets," Working Papers 0025, University of Washington, Department of Economics.
    19. van Dijk, Diana & Haijema, Rene & Hendrix, Eligius M.T. & Groeneveld, Rolf A. & van Ierland, Ekko C., 2013. "Fluctuating quota and management costs under multiannual adjustment of fish quota," Ecological Modelling, Elsevier, vol. 265(C), pages 230-238.
    20. Martinet, Vincent & Thebaud, Olivier & Doyen, Luc, 2007. "Defining viable recovery paths toward sustainable fisheries," Ecological Economics, Elsevier, vol. 64(2), pages 411-422, December.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:jeduce:v:33:y:2002:i:3:p:236-253. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/VECE20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.