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.

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 ...

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.

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 ...

Tragedy of the commons game
Phil Ruder, Pacific University
This application calls on student teams to depict a tragedy of the commons game in strategic form, identify the Nash equilibrium outcome, and consider policies that might improve on an open-access management regime ...

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.

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.

Introductory environmental economics application
Phil Ruder, Pacific University
This application asks students to consider why the transition away from fossil fuels toward renewable energy has been so slow. Students will recognize that the price incentive favors fossil fuels due to the ...

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 ...