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Berkeley - ARE - 101
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Berkeley - ARE - 101
Department of Environmental Economics and Policy University of California, Berkeley MidtermEconomics EEP101/ECON125, Spring 2003 Professor ZilbermanInstructions: Please remember to write your name and Student ID# on your bluebook. Answer all ques
Berkeley - ARE - 101
Department of Agricultural and Resource Economics University of CaliforniaEconomics EEP101/ECON125, Spring 2003 Professor ZilbermanMidterm SolutionsPart 1: Market Structure and Externality1. Numerical Questions The social optimal number of sho
Berkeley - ARE - 101
EEP 101/Econ 125 Spring 2002 GSIs: Alix, McKim, SchoengoldProblem Set #1: due on Thursday, February 14 at lecture.Late assignments will not be accepted. Numerical Questions (1) Suppose that an industry has an inverse demand curve given by P = 90
Berkeley - ARE - 101
EEP 101/Econ 125 Spring 2002 GSIs: Alix, McKim, Schoengold Solutions to Problem Set #1 Numerical Questions: For the numerical questions, there are graphs at the end of the solution key that show how to calculate the answers using graphical methods. T
Berkeley - ARE - 101
Heterogeneity Revisited Clarification for EEP101/Econ125 The following handout is intended to clarify the concept of heterogeneity among producers and the effect of particular policy interventions in this context. I will be using the same example tha
Berkeley - ARE - 101
EEP 101/ECON 125 Prof. Zilberman GSIs: Alix, McKim, Schoengold Problem Set # 2 Due Tuesday, March 5 (Assignments turned in after the beginning of lecture will not be graded) Numerical problems 1. Assume that manufacturing of PVC tubing, which produce
Berkeley - ARE - 101
EEP 101/ECON 125 Prof. Zilberman GSIs: Alix, McKim, Schoengold Suggested Solutions for Problem Set # 2 Numerical problems 1. Assume that manufacturing of PVC tubing, which produces large amounts of carcinogenic byproducts, is undertaken by two firms.
Berkeley - ARE - 101
EEP 101/ECON 125 Prof. Zilberman GSIs: Alix, McKim, SchoengoldDue Tuesday, March 19th(Assignments turned in after the beginning of lecture will not be graded)Problem Set # 31.(Public Goods) You have just received an important assignment as a
Berkeley - ARE - 101
EEP 101/ECON 125 Prof. Zilberman GSIs: Alix, McKim, SchoengoldAnswer Key for Problem Set # 31. (Public Goods) You have just received an important assignment as a consultant to the Prime Minister of a small country called Zilbermania. The Prime Min
Berkeley - ARE - 101
EEP101/Econ125 Spring `02 Professor David Zilberman GSIs: Alix, McKim, SchoengoldSUGGESTED SOLUTIONS FOR MIDTERM EXAM1. Suppose that farmers in Brazil grow coffee beans with MPC = 10 + 3/2Q. The coffee beans are bought by a middleman, who sells th
Berkeley - ARE - 101
EEP101/ECON 125 Professor Zilberman GSIs: Alix, McKim, SchoengoldDue Tuesday, April 23rd (Assignments turned in after the beginning of lecture will not be graded)Problem Set #4Now Ill tell you, he says, with his teeth sounding gray, how the Lora
Berkeley - ARE - 101
EEP101/ECON 125 Professor Zilberman GSIs: Alix, McKim, SchoengoldProblem Set #4 Answer Key"Now I'll tell you," he says, with his teeth sounding gray, "how the Lorax got lifted and taken away. It all started way back. Such a long, long time back. W
Berkeley - ARE - 101
EEP 101/Econ 125 Professor Zilberman GSIs: Alix, McKim, SchoengoldProblem Set #5Due Thursday, May 9th (Assignments turned in after the beginning of lecture will not be graded) 1) Assume that there are two types of farmers in a region those who gr
Berkeley - ARE - 101
EEP 101/Econ 125 Professor Zilberman GSIs: Alix, McKim, SchoengoldProblem Set #5 Answer Key1) Assume that there are two types of farmers in a region those who grow cotton, and those who grow roses. Let W denote the applied water. The marginal ben
Berkeley - ARE - 101
Water Example: So, as I was saying in section, there are two groups of interest, the farmer and the ten sports fishermen. Their benefits functions are given as follows:B f (Y f ) = 240Y f - 2Y f2 Bsi (Ys ) = 18Ys - 0.05Ys2The constraint here is th
Berkeley - ARE - 101
Berkeley - ARE - 101
AGRICULTURAL BIOTECHNOLOGY: PRODUCTIVITY, BIODIVERSITY, AND INTELLECTUAL PROPERTY RIGHTSDavid Zilberman Gregory GraHolly Ameden Matin QaimAn Article Submitted toJournal of Agricultural & Food Industrial OrganizationManuscript 1068Univers
Berkeley - ARE - 101
Chapter #1: What Is Economics?Contents: General OverviewMajor Areas of Economics Economic Research in Agricultural and Natural Resources Biology and Economics Economics in the Policy Process The Economics Profession Subdiciplines of Environmental a
Berkeley - ARE - 101
Chapter #2: When is a Market Socially Optimal?Contents: Basic Definitions Potential Reasons for Government Intervention in the Market 1. Government Policies to Disseminate Information 2. Externalities 3. Public Goods 4. Transfer Policies 5. Noncompe
Berkeley - ARE - 101
Chapter #3: Welfare EconomicsContents: General Analysis Overview Welfare under Monopoly Welfare under Monopsony Welfare under MiddlemenGeneral Analysis Overview Welfare analysis is a systematic method of evaluating the economic implications of alt
Berkeley - ARE - 101
Chapter #4: Negative Externalities and PolicyContents: General Overview Production Externalities Policy 1: Externality Tax Policy 2: Output-reduction Subsidy Policy 3: Standards Elasticity Effects on Magnitude of Externalities Imperfect Competition
Berkeley - ARE - 101
Chapter #5: Issues in Externality ControlContents: Positive Externalities Polluter Heterogeneity The Benefits of Pollution Trading Problems Associated with Pollution Permit Markets Choice of Pollution Taxes or Standards Specification of Pollution in
Berkeley - ARE - 101
Chapter #6: Other Considerations of Externality PolicyContents: General Overview Legal Aspects of Environmental Policy & Coase Theorem Determination of Property Rights Allocation Alternative Legal Arrangements Economics of Environmental Restoration
Berkeley - ARE - 101
Chapter #7: Public GoodsContents: General Overview Heterogeneity, Non-rivalry, and Market Failure Non-excludability and Market Failure Optimal Provision with Homogeneous Individuals Market Outcome for a Non-excludable Public Goods Other Mechanisms f
Berkeley - ARE - 101
Chapter #8: Technological Change and Pollution ControlContents: Production Function and Technology Research Adoption of Innovations Adoption Choices of Conservation Technology Costs to Adoption Pollution Tax Considerations Second Best Policies Produ
Berkeley - ARE - 101
Chapter #9: Valuation of Environmental BenefitsContents: General Overview Types of Benefits Concepts in Benefits Measurement Uncertainty, Expected Benefits, and Risk Aversion Methodologies for Benefits ValuationGeneral Overview There are many type
Berkeley - ARE - 101
Chapter #10: Natural Resource EconomicsContents: General Overview Key Element of Dynamics: Interest Rate The Components of Interest Rates Discounting Uncertainty and Interest Rates Benefit-Cost Analysis General Overview Natural Resource Economics ad
Berkeley - ARE - 101
Department of Agricultural and Resource Economics School of Public Policy University of California at BerkeleyARE 298/ PP 290 David Zilberman Fall, 2001Chapter 14: THE ECONOMICS OF CLIMATE CHANGETopics The Impacts of Climate Change on Agricultur
Berkeley - ARE - 101
Addendum to Lecture 14Kyoto Climate Change The United States needs to reduce CO2 emissionsPAD_ QD = demand for CO2Q0 = initial levelQQ0Qt = target levelQ0 - Q1 = reduction requiredThe area AQ Q0 = social cost of CO2 reduction.Me
Berkeley - ARE - 101
Chapter #15: Forestry EconomicsContents: General Overview Differences Between Issues of Forestry and Fisheries The Economic Decision to Harvest a Stand The Case of an Infinite Forest Rotation Management of Forest Resources Factors Affecting Forest R
Berkeley - ARE - 101
Chapter #16: Surface Water EconomicsContents: Economic Characteristics of Water U.S. Water Rights History and Property Rights Law Riparian Water Rights Prior Appropriation Water Rights The Role of Water Districts Transition from Queuing to Markets R
Berkeley - ARE - 101
EEP 101/ECON 125CHAPTER 16A Water NOTESDavid Zilberman SPRING 2002TOPICS Water Use and Value Water around the World/Virtual Water Water Rights Systems Transitions from Water Rights to Water Markets Third Party Effects and Trading in Water Water
Berkeley - ARE - 101
Chapter #17: Irrigation EconomicsContents: General Overview An Example of Technology Choice Under Markets Some Stylized Facts About Irrigation Queuing Vs. Markets: A Numerical Example Government Appropriates Water Rights General Overview The economi
Berkeley - ARE - 101
Chapter #18: Pesticide EconomicsContents: General Overview A Brief History of Pesticide Use Pesticides in a Damage Control Framework Pesticide Resistance Unknown Pest Populations and Pest Population Monitoring Regional Cooperation in Pest Control Ac
Berkeley - ARE - 101
EEP 101 Econ 125Chapter 20: Environmental ServicesDavid Zilberman Spring 2002TOPICS: Categories of environmental services Targeting and policy design The Role of Correlation Scale Effects Market Effects and Slippage Organizational structure and
Berkeley - ARE - 101
Targeting Environmental Fund -Differences between maximizing benefits and acreage budget $1000 Parcel numbe Rent/A Benfits Benefits benfit Acreage r cre /acre Acres /$ max. max.1 2 3 4 5 6 7 8 9 10 11 12 5 7 3 9 2 4 5 8 3 10 3 8 15 28 18 18 20 32 20
Berkeley - ARE - 101
Targeting Environmental Fund - Effects of ScalePrice per acre, $2 for parcel A and $4 for parcel B objective is to maximize total benefts given the budget constraints. Budget Acre total benefit A1 2 3 4 5 6 7 8 9 10 11 12 6 13 21 30 41 52 63 70 76
Berkeley - ARE - 101
Targeting Environmental Fund - effects of correlation budget $2000 max. max. benefit acreage Rent/ Benfits Benefit Acres Acres Acre /acre Acres s/$ to buy Cost to buy Cost 100 100 1 1 100 1.00 100 200 2 4 100 2.00 100 300 3 8 100 2.67 100 400 4 12 10
Berkeley - ARE - 101
Agricultural Policy ARE 241 David Zilberman ANIMAL WASTEBackground Animal waste is one of the major pollution problems in the United States. At any given moment, there are 2 to 3 times more farm animals than there are people. The resulting effects
Berkeley - ARE - 101
Department of Agricultural and Resource Economics University of California at BerkeleyEEP 101/ECON 125 Spring Semester, 2002 David ZilbermanChapter 22 On Economics, Ethics, Politics, and the EnvironmentThe Assumptions Behind Economic Analysis Ec
Berkeley - ARE - 101
EEP101/ECON125 Spring 01 Prof. D. Zilberman GSIs: Just/Marceau/St.Pierre Solutions to Problem Set 1 Part A: Numerical Problems 1. The numerical results for question 1 are given in Table 1. Their derivation is explained below. Table 1 Monopoly Monopol
Berkeley - ARE - 101
EEP 101/ECON 125 Spring 2001 Solutions to Problem Set 2 1. Equilibrium conditions for a competitive market are M C(Q; t) = p: Thus, without any government intervention, at any point in time t; Q = 500 + 500 cos 45020t : 157 (a) There are 1000 units
Berkeley - ARE - 101
EEP101/ECON125 Spring 99 Prof D. Zilberman TA's: Malick/MarceauSuggested Solutions to Problem Set 5*1. The rule for a single rotation is to choose the cropping age T when Q' (T ) = rQ(T ) . (a) In this exercise, the change in growth is : Q' (T )
Berkeley - ARE - 101
EEP101/ECON125 Spring 99 Prof. D. Zilberman TAs: Malick/Marceau PROBLEM SET 5Due Monday May 10, in your TAs mailbox1. Controlled dehorning of rhinos has been proposed as a way of reducing poaching and raising income for wildlife management program
Berkeley - ARE - 101
EEP101/ECON125 Spring 99 Prof D. Zilberman TA's: Malick/MarceauSuggested Solutions to Problem Set 4*1. Assume you receive a flow of income (V) at the end of every year for (N) years. This income grows at a rate of (G) percent per year, and the di
Berkeley - ARE - 101
EEP101/ECON125 Spring 99 Prof. D. Zilberman TAs: Malick/MarceauPROBLEM SET 4Due Thursday, April 22, 1999, in class (Late assignments will not be graded)1. The private owner of a forest can sell lumber at a fixed price. He owns 10,000 acres of ti
Berkeley - ARE - 101
EEP101/ECON125 Spring 99 Prof D. Zilberman TA's: Malick/MarceauPROBLEM SET 3Due Tuesday, March 16, 1999, in class (Late assignments will not be graded)1.Assume that Y is produced using flood irrigation. Let the irrigation efficiency, (effectiv
Berkeley - ARE - 101
1. Max{qi } NPV = Max{qi ,} L = F.O.C L = B ' (q0 ) C ' (q0 ) = 0 q0 L 1 = ( B ' (q1 ) C ' (q1 ) = 0 q1 1 + r L = S 0 q0 q1 = 0 (1) 1 (1 + r) i1 (1+ r)i(B(q i ) C (q i ) ) subject toqi =01i= S 0 for i = 0,1(B( q i ) C (
Berkeley - ARE - 101
EEP101/ECON125 Spring 99 Prof D. Zilberman TA's: Malick/MarceauPROBLEM SET 2Due Tuesday, March 9, 1999, in class (Late assignments will not be graded)1.Assume there are two polluting firms in the economy with marginal benefit curves given by:
Berkeley - ARE - 101
Essay 1: The 1997 Kyoto agreement established a global target for reductions in greenhouse gas emissions (approximately 7% from 1990 levels). Consider the problem of negotiators who had to allocate permissible emissions among the various countries. S
Berkeley - ARE - 101
EEP101/ECON125 Spring 99 Prof D. Zilberman TA's: Malick/MarceauSuggested Solutions to Problem Set 2*1. All answers referring to graphical details are to be found in figure 1. a) To find the aggregate marginal benefit curve, solve each of the indi
Berkeley - ARE - 101
EEP101/ECON125 Spring 00 Prof.: D. Zilberman GSIs: Malick/McGregor/St-PierrePROBLEM SET 4 Due Thursday, April 27, 2000 in class (Late assignments will not be graded)1. Consider two landowners in very different northern US states. One is an old re
Berkeley - ARE - 101
EEP101/ECON125 Spring 99 Prof D. Zilberman TAs: Malick/Marceau Due Thursday, February 18, 1999, in class (Late assignments will not be graded.) Part A: Numerical Problems 1. Assume we have a monopoly. The market demand function is given by p = 200 -
Berkeley - ARE - 101
EEP101/ECON 125 Spring 00 Prof D. Zilberman GSI Malick/McGregor/St-Pierre s:Suggested Solutions to Problem Set 4Stock of deer = S Harvest or deer that are killed = X Growth of the Stock = g (S ) = aS bS 2 , where a = 0.8, b = .00002 Marginal Bene
Berkeley - ARE - 101
EEP101/ECON125 Spring 99 Prof D. Zilberman TA's: Malick/MarceauSuggested Solutions to Problem Set 1*Part A1.$200a j i MSCP*p180s* Pm P*c140 120 10097.5bMC c g k d MC - s*h f8040 30 20 0 0l em MB MR10 20 30 40 50 60 70
Berkeley - ARE - 101
EEP101/ECON125 Spring 00 Prof.: D. Zilberman GSIs: Malick/McGregor/St-PierrePROBLEM SET 5 Due Tuesday May 9, 2000 by 5 pm in your TAs mailbox (2nd floor Giannini Hall) (Late assignments will not be graded) * NOTE: We have decided to base homework g
Berkeley - ARE - 101
EEP101/ECON125 Spring 99 Prof D. Zilberman TA's: Malick/MarceauMIDTERM Part A: Numerical Questions1. Assume that the marginal cost (MC) of producing a good is given by MC = 20 + 3Q. The marginal benefits (MB) are given by MB =120 2Q, and the mar
Berkeley - ARE - 101
EEP101/ECON125 Spring 99 Prof D. Zilberman TA's: Malick/MarceauSuggested Solutions Midterm Part A: Numerical Questions 1a) b) MC(Q) = 20 + 3Q ; MB(Q) =120 2Q ; MSB(Q) = 120 Q.Socially optimal level of output (Q*): Competitive equilibrium output
Berkeley - ARE - 101
Chapter #3: Welfare EconomicsContents: General Analysis Overview Welfare under Monopoly Welfare under Monopsony Welfare under MiddlemenGeneral Analysis Overview Welfare analysis is a systematic method of evaluating the economic implications of alt
Berkeley - ARE - 101
Chapter #11: Natural Resources and Dynamic SystemsContents: General Overview Key Terms and Components of Dynamic Systems Example of a Dynamic System Dynamic Models of Nonrenewable Resources Dynamic Efficiency: The Two Period Case General Overview Re