Abstract
Another renewable resource problem is found in the idea of a shared common ground…the classic tragedy of the commons. We develop a multiage model of sheep grazing on the growing grass of a common area and show how the tragedy can be avoided by appropriate management.
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© 2012 Springer Science+Business Media, LLC
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Ruth, M., Hannon, B. (2012). Managing Open Access Resources. In: Modeling Dynamic Economic Systems. Modeling Dynamic Systems. Springer, Boston, MA. https://doi.org/10.1007/978-1-4614-2209-9_25
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DOI: https://doi.org/10.1007/978-1-4614-2209-9_25
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Online ISBN: 978-1-4614-2209-9
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