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.
