Financial Incentives of Open Access Resource Overuse part of Integrate:Workshops and Webinars:Systems, Society, Sustainability and the Geosciences:Activities
Chris McIntosh, University of Minnesota-Duluth
In this activiy when property rights are absent participants have financial incentive to take what they can get immediatly as opposed to waiting until the resource is more valuable. Adding strong property rights provides the proper finanacial incentives for students to wait to extract the resource when it is most valuable.