Property Rights Simulation
ROUND 1 RULES:
Points for Clips (Fish)
Two Time Periods (30 seconds each)
One point for each in the first 30 seconds;
Two points for each in the second 30 seconds(because they grow).
ROUND 2 RULES
One Student per assigned area
Same Rules except you may only fish from your area.
Questions and Analysis
1. How was the behavior different in round 1 then in round 2?
2. How do property rights affect the way people use resources?
3. How does this simulation explain the risk taking behavior of deep sea fishing like on the show “Deadliest Catch”?
4. Explain how private property rights that are enforced can actually limit the depletion of resources.