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Will and Grace Have Adjoining Unfenced Back Yards and Each

Question 90

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Will and Grace have adjoining unfenced back yards and each has just adopted a new puppy. Will values a fence between their yards at $250 and Grace values a fence between their yards at $200. The cost of building the fence is $300, which will be split equally if they both agree to build the fence. Therefore, their payoff matrix is as follows.  
Will and Grace have adjoining unfenced back yards and each has just adopted a new puppy. Will values a fence between their yards at $250 and Grace values a fence between their yards at $200. The cost of building the fence is $300, which will be split equally if they both agree to build the fence. Therefore, their payoff matrix is as follows.     This game is a(n) ________ because ________. A) tragedy of the commons; the backyard is treated as a common area by the puppies. B) prisoner's dilemma; by playing their dominant strategy, both Will and Grace do worse than if they had both played their dominated strategy. C) example of logrolling; both neighbors need to cooperate to provide the good. D) inequitable situation; Grace does not value a fence as highly as does Will. This game is a(n) ________ because ________.


A) tragedy of the commons; the backyard is treated as a common area by the puppies.
B) prisoner's dilemma; by playing their dominant strategy, both Will and Grace do worse than if they had both played their dominated strategy.
C) example of logrolling; both neighbors need to cooperate to provide the good.
D) inequitable situation; Grace does not value a fence as highly as does Will.

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