Understanding the Tragedy of the Commons
C. Lucy Malakar, Lorain County Community College
Students will watch a portion of a South Park episode that illustrates the tragedy of the commons and apply the concept to a more serious situation. After viewing the video, will debate and discuss ways to prevent ...

Game theory: externalities, the prisoner's dilemma and Nash equilibrium as seen in South Park
C. Lucy Malakar, Lorain County Community College
After viewing a brief segment of a South Park episode, students create a game theory matrix and apply the concepts of the Prisoner's Dilemma and Nash Equilibrium.

Negative Externalities
Galit Eizman, Harvard University
This activity encourages team discussion about negative externalities- the case of disturbing noise and air pollution from the airport to nearby neighborhoods. The discussion raises possible solutions and the ...

Smoke and Nicotine in New York – Social Surplus, Taxation, and Consumer Migration to Substitutes
George Orlov, Cornell University-Endowed Colleges
Students will examine the effect of a tax increase in a market with negative externalities in the context of the New York City tobacco and e-cigarette market. The exercise offers a more challenging setting than ...

What is the value of the Yasuní National Park?
M. Jimena González-Ramírez, Manhattan College, jimena.gonzalez@manhattan.edu
This activity is meant for an introductory or advanced environmental economics course that covers valuation methods. Prior to class, students watch 4 short videos explaining valuation methods and listen to an NPR ...

How to handle externalities caused by your roommate
G Dirk Mateer, UT-Austin
After completing this exercise students will understand how to identify mutually beneficial gains from trade, achieve socially optimal results, and minimize negative externalities.

Thank you for not smoking.
Evgenia Papoula, ONCAMPUS Amsterdam
Teams of students will work on solutions for the negative externality of smoking. Teams will use price and income elasticity to rank policies aimed to reduce smoking.

Carbon Tax
M. Jimena González-Ramírez, Manhattan College, jimena.gonzalez@manhattan.edu
Prior to class, students watch a TED talk: https://www.ted.com/talks/ted_halstead_a_climate_solution_where_all_sides_can_win. During class, students are asked to apply economic theory and models when choosing the ...

Environmental policies to address the externality of single-use plastic straws
Jimena Gonzalez, Manhattan College
Prior to class, students read the following news article: https://www.npr.org/sections/thesalt/2018/05/31/615580695/last-straw-for-plastic-straws-cities-restaurants-move-to-toss-these-sippers. Students learn about ...

Negative externalities and property rights
Marcelo Clerici-Arias, Stanford University, Anita Bhide, Oriol Pons-Benaiges, Claire Xue – All at Stanford
Game-theoretic modeling of a negative externality scenario, with applications of Coase theorem and the Pigovian tax.