Questions from Environmental Economics

Q: Suppose that the following discrete numbers show the integer values of MWTP

Suppose that the following discrete numbers show the integer values of MWTP and MC as depicted in Figure 4.1. Determine the socially efficient rate of output. Show that at any other output level, the...

Q: 1. Use the logic of willingness to pay to interpret the

1. Use the logic of willingness to pay to interpret the statement “I like clean air more than you do.” 2. Below is the marginal willingness to pay of a consumer for...

Q: Suppose there is a suburban community where domestic septic tanks are responsible

Suppose there is a suburban community where domestic septic tanks are responsible for contaminating a local lake. What is the effect on actual and efficient levels of water quality in the lake of an i...

Q: Following are the marginal abatement costs of three firms, related to

Following are the marginal abatement costs of three firms, related to the quantity of emissions. Each firm is now emitting 10 tons/week, so total emissions are 30 tons/week. Suppose we wish to reduce...

Q: Suppose a new law is put into effect requiring oil tankers to

Suppose a new law is put into effect requiring oil tankers to use certain types of navigation rules in coastal waters of the United States. Suppose that the very next year there is a large tanker acci...

Q: Over the last two years, emission abatement costs in industry X

Over the last two years, emission abatement costs in industry X have been about $1 million per year. A new regulation will lead to abatement costs of $1.8 million per year. Does this mean that the reg...

Q: What do we mean by “race to the bottom” in

What do we mean by “race to the bottom” in environmental regulation? As countries discuss climate change mitigation options, how does race-to the bottom relate to establishing CO2 emissions or GHG red...

Q: “The costs of achieving emission reductions in the future will depend

“The costs of achieving emission reductions in the future will depend greatly on the types of policies used to reduce emissions today.” Explain.

Q: A tax on gasoline is proposed in order to raise money for

A tax on gasoline is proposed in order to raise money for the pollution-control activities of several public agencies. The tax will be 10¢ per gallon, and last year 10.3 million gallons of gasoline we...

Q: Most industries are composed of firms that, though perhaps producing roughly

Most industries are composed of firms that, though perhaps producing roughly the same thing, are very different; some are large and some small; some are profitable and others not; some are located in...