When I read the book write by Robert Gibbons . In the first chapter, they discussed "The Problem of the Commons" I can't understand why
$v^{'} \left(g_i + g_{-i}^{*}\right)$ (page 27)
represent the damage of the price of the original price of the sheep.
I think the damage of the price of the original price should be:
$v \left(G\right) - v\left(g_i + g_{-i}^{*}\right)$
where $G$ means the original number of sheep . the price function $V$ has the relationship with the number of the sheep.
Also in the page 27, the author say the first order condition for this optimization problem
is $v \left(g_i + g_{-i}^{*}\right) + g_iv^{'} \left(g_i + g_{-i}^{*}\right) -c =0$
I can't understand the author want to say......Perhaps he means we should find $g_i$ as bigger as possible until we can't earn more money when we add more sheep.
