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how would the ultimate cumulative amount taken out of the ground be affected by an increase in the discount rate.
Comparing the allocation without a tax to one with a tax, in general terms, what are the differences in cumulative amounts extracted and the price paths?
Consider an increasing marginal-cost depletable resource with no effective substitute. How would the allocation of that resource over time be affected?
Compared to the case where the total amount of a constant-MEC resource is fixed, how would the efficient allocation of this resource over two periods differ?
One current practice is to calculate the years remaining for a depletable resource by taking the prevailing estimates. How useful is that calculation? Why?
Consider the effect of population growth on the allocation on the dynamic efficient allocation of a depletable. Explain the intuition behind your results.
How would the possibility of rampant illegal disposal affect your answer? Would a deposit-refund on large components of trash help to reduce illegal disposal?
If the two approaches are designed to yield the same amount of revenue, will they have the same effect on the allocation of the mine over time? Why or why not?
What are the income-distribution consequences of fashion? Can the need to be seen driving a new car by the rich be a boon to those with lower incomes?
On what grounds, if any, is government intervention called for? What differences should be noticed among those states that do nothing?
The market will tend to choose the cheapest path. What factors will tend to affect the relative cost of these options?
Graphically show the qualitative effect on total external costs in the land disposal market.
Because the standards on TSDFs are benefitbased, find the Q that maximizes TSB, and evaluate TSC and TSB at that level.
Assuming the city officials use a flat fee pricing system for drinking water, find the equilibrium amount of water that households in San Francisco would use.
Determine the water pricing structure that is used in your hometown. Using the criterion of allocative efficiency or defend the current practice.
According to EPA, uncontrolled disposal of pesticide residues and containers contributes. Design and evaluate a deposit/refund system for pesticide containers.
Draw the relationship of marginal social benefit and marginal social cost. Explain the practical difference between the MCLG and the MCL.
Based on the benefit-cost criterion in the 1996 SDWA, find the maximum level of abatement that will ensure positive net benefits.
Include in your discussion the theoretical issues and any practical concerns that must be addressed before implementing your proposal.
Given this MEF, determine the abatement level for each firm. Is this a cost-effective solution? Why or why not?
Economically analyze the use of uniform technology-based effluent limitations.
Contrast the Seattle per-can pricing program with Perkasie's bag-and-tag approach, both from an environmental and an economic perspective.
Determine the dollar value of a waste-end charge that would restore efficiency to this market. Explain your answer intuitively.
Assume that Stonington uses a flat fee pricing system for trash services. Under this scenario, find the flat fee equilibrium quantity (QFF).
Show the simultaneous effect of the federal restrictions on landfills and rising consumer awareness of the benefits of green packaging.