The granite boulders in Rocky Mountain National Park are a favored place among talented climbers who specialize in the art of bouldering, or climbing harder (but shorter) routes without tying into a rope. Climbers have taken to (illegally) stashing foam crash pads underneath the boulders but marmots and other rodents chew up the pads and the litter is spread by the wind. To limit overuse of this park, suppose a limited number of permits are sold each year to climbers who can sell them at any time to other climbers. This method of achieving efficient use of a common resource is most like what government policy?

Question

Quizplus · Accepted Answer

This method is most like an individual transferable quota, where a limited number of permits are issued and can be traded among users, allowing for efficient allocation of the resource.

The Granite Boulders in Rocky Mountain National Park Are a Favored