Use the pay-off matrices in Tables la and 1b. without and with grazing tax policy on the tragedy of the commons to answe

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Use The Pay Off Matrices In Tables La And 1b Without And With Grazing Tax Policy On The Tragedy Of The Commons To Answe 1 (84.49 KiB) Viewed 37 times

Use the pay-off matrices in Tables la and 1b. without and with grazing tax policy on the tragedy of the commons to answer questions 13 to 16 Restrict 10 Do not Restrict 12 Restrict 10 6 Farmer Do not Restrict 12 Table 1a Overgrazing the commons without tax policy Restrict Do not Restrict 10 Dusay 10 6 Farmer Do not Restrict Table 15 Overgrazing tax averts tragedy of the commons 1 a) From Table 1, the overgrazing tax is only efficient and fair in certain situations. True/False b) Based on Tables 1, the overgrazing tax changes the preferences of the herders, so that they now care about the costs they impose on each other. True/False c) From Table 1, the amount of the tax is exactly equal to the cost that one herder imposes on the other. True/False? d) From Table 1, the overgrazing tax works by changing incentives and information available. True/False?