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Consider a version of the tragedy of the commons

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Reference no: EM132087918

Could you please help with this equation and explain how you came to your answer. Consider a version of the Tragedy of the Commons in which herder 1 and 2 simultaneously choose to graze quantities of sheep q1 and q2, respectively and in which the payoff functions are q1 (120 - q1 - q2) for 1 and q2 (120 - q1 - q2) for 2.

3 3 3 3

The Nash equilibrium is q1* = q2* =

Is the correct answer 30?

Reference no: EM132087918

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