The government required fishing licenses

Reference no: EM13315615

This table summarizes the results from an experiment like yours. Compare the outcome under free access with the three outcomes in which the government uses licenses to limit the catch. Roughly how much additional protein is there for the economy in the rounds in which the government required fishing licenses?

Round Rules Total Protein for the Economy (Pounds) Sustainable?
1 Free access to the fishery 588 No
2 Licenses given by lottery at the beginning of the year 648 Yes
3 Licenses given by lottery at the beginning of each month 645 Yes
4 Licenses auctioned off at the beginning of each month 648 Yes

Reference no: EM13315615

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