Questions:
1) Define the sustainability criterion as used by Tietenberg. What does this criterion say about fairness to future generations? What does this criterion say about efficiency? How can depletable resources be used today and still satisfy the criterion?
2) Is water a renewable or depletable resource? Explain how water is allocated in the western US and how this may result in an inefficient allocation. What better methods of allocation might work toward efficiency?
3) Norgaard and Trosper both place value on both extractive and preservation activities. How is it that Trosper's model results in an annual yield that is less than the maximum sustainable yield and a stock of wood fiber that is less than the maximum capacity of a forest? Be sure to explain the variables and include a graph.
4) Larson, Smith and Smith studied the possible forest management practices. Is it likely that tax revenues can solve the forest dilemma in the Rocky Mountains? What alternative strategies might be developed? Are there significant roadblocks to these strategies?
5) When looking at a renewable resource such as fisheries, explain what is meant by a sustainable yield. Explain different Open access and Limited access policies that have been attempted to avoid the tragedy of the commons in the fisheries. Is there evidence that one policy type is more successful? See Example 12.3
6) Apart from the issues of sustainable yield and stock versus flow, what other issues are becoming apparent when discussing biodiversity issues. Can you think of others that were not discussed in class or the text? Discuss the importance of properly valuing resources.
7) How does Jacobs distinguish between "development" and "expansion." Why does she call development a process? Provide meaningful examples.
8) What are the 4 aspects of the Jacobs growth process? Explain each of these. Provide meaningful examples.
9) Why does Jacobs focus on the idea of a conduit? What are the components of the conduit and why is it important? How does this model allow us to think of the issues of sustainability and environmental economics?
10) What do you think Boulding would say about Jacobs' conduit model? How does the idea of entropy come into play in the conduit?