Duties of Auctioneers:

You are to help set the cattle prices by handling the bidding as ranchers buy and sell their cows. 

You will determine the value of a “new” cow

You should try to encourage ranchers to buy and sell cows and attempt to run-up the price of cattle bought and sold on the open market.

Remind each rancher repeatedly to keep track of the value of each individual cow

After buying and selling ends, figure out the value of a “new” cow (the current value of all cows divided by the number of cows on the common)

Ask ranchers if they are breeding their own cows

Ask ranchers how many cows they now own and how much their cows are now worth in the aggregate

If necessary, order the ranchers to subtract $ from the value of each cow they own if the carrying capacity is exceeded.  Have ranchers then report the new value of their cows in the aggregate. 

The spreadsheet with the information from each group of ranchers

The total number of cows on your group’s commons

Going price for a cow at the game’s end (i.e., value of a new cow)

Gross worth of all farmers as an aggregate on the common (value of cows + value of money)

Average (net) worth of the ranchers

Who is the richest rancher along with the value of cows and cash

Briefly explain what means, if any, ranchers took to protect the commons