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Version of the tragedy of the commons

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Reference no: EM132091662

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 (150 - q1 - q2) for 1 and q2 (150 - q1 - q2) for 2.  The Nash equilibrium is q1* = q2* =:

Reference no: EM132091662

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