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What might be the attraction to landowners who might donate land or conservation easements to the conservation organizations?
In the United States, a principal responsibility for preserving endangered species. Which do you think is the better approach? Why?
Discuss how block rate pricing attempts to provide some resolution to this dilemma. How would it work?
Why would you have an incentive to extract the water efficiently over time? Why or why not?
Suppose that in a particular area the consumption of water varies tremendously. What effect would great deal have on an efficient rate structure for water?
Why should you be careful about the amount you use or should you simply use whatever you want whenever you want it?
In your hometown what system is used to price the publicly supplied water? Why was that pricing system chosen? Would you recommend an alternative?
What pricing system is used to price the water you use at your college or university? Does this pricing system affect your behavior about water use?
Is risk-neutrality an appropriate assumption for benefit-cost analysis? Does it seem more appropriate for some environmental problems than others?
How much would be supplied by a competitive market? Compute the consumer surplus and producer surplus. Show that their sum is maximized.
If the marginal cost of preservation is $500 per mile, how many miles would be preserved in an efficient allocation? How large is the economic surplus?
Why would a possessory entitlement system be more efficient in a modern society or a primitive society?
As you examine the key forces shaping the future, what examples of positive and negative feedback loops can you uncover?
How can we ever hope to establish in advance whether one is a better view than the other? What criteria might be proposed for evaluating predictions?
In a dynamic efficient allocation, how would the extraction profile in the second version differ from the first?
Given this discount rate what would be the efficient price in the two periods? What would be the marginal user cost in each period?
The environmental sustainability criterion differs in important ways from strong sustainability. When might the two criteria lead to different choices? Why?
If the exposed population is four million people, what is the implied value of a statistical life?
Assuming these numbers are correct, would you recommend that the Coast Guard increase, decrease, or hold at the current level their enforcement activity? Why?
How would the maximum amount spent now to eliminate those damages change if the discount rate is 2 percent, rather than 10 percent?
Why isn't an exclusive use of method 3 cost-effective? What is the cost-effective outcome in that case?
Find the consumer and producer surplus associated with the resulting allocation. Compare this price control allocation to the monopoly allocation in part.
During a worldwide recession in 1983, the oil cartel began to lower prices. Why would a recession make the cartel more vulnerable to price cutting?
Why should this proposal become public policy? Why or why not?
Compare the effects of a per-unit tax on the depletable resource to an equivalent per-unit subsidy on solar energy. Would they produce the same switch point?