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gyoku2302 gyoku2302
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Posts: 131
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A year ago
Common-property fishing grounds are

▸ often overexploited because fishing grounds are rivalrous and excludable.

▸ often underexploited because non-excludability means there is little investment in the resource.

▸ always efficiently exploited because fishermen now understand the dangers of overfishing.

▸ often overexploited because fishermen are concerned with preserving fish stocks for future fishermen.

▸ often overexploited because individual fishermen have no incentive to leave fish for the "next" fisherman.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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harrison5692harrison5692
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A year ago
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gyoku2302 Author
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A year ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
GeorgeNeist
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Yesterday
Brilliant ツ
jmelchor77
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2 hours ago
Good timing, thanks!
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