Cornell - AEM - 4510

UP FRONT, 2-26-08Problem set 3 due next Tuesday. Will send by email.Reading for next time: Perman et al. pp. 202-224, can read boxes later. If you dont follow, raise your hand. Worked well in a class I took.Outline for Today 1)Non-uniformly mi

Cornell - AEM - 4510

Cornell - AEM - 4510

UP FRONT, 2-28-08 Problem set 3 due Tuesday. Reading for next time: Still Perman et al. pp. 202-224. If you dont follow, raise your hand. Another book available.Outline for Today 1)Cost effectiveness 2)Lagrange multiplier method (multi-variable opt

Cornell - AEM - 4510

Cornell - AEM - 4510

UP FRONT, 3-6-08 Tuesday experiment outcome Exam Tuesday. 2:55-4:10 here. Closed book. No calculators other than the simple ones provided. Extra slides unlikely to be asked about. We will post last years midterm exam on the course Web site. Some

Cornell - AEM - 4510

UP FRONT, 2-28-08Reading for next time: Perman et al. 224228 (on allocation of permits) and 247-257 (fee vs. permit system when there is uncertainty about control costs) except sections 8.2 and 8.3.3.3Outline for Today Marketable permit programs

Cornell - AEM - 4510

Cornell - AEM - 4510

UP FRONT, 3-27-08Reading for next time: Kolstad, Environmental Economics, 230-234 (liability as a means of regulation) and 188-189 (Hybrid price/quantity regulations)Outline for Today 1)Emission fees in practice 2)Why did Pigou (and we) focus on

Cornell - AEM - 4510

Cornell - AEM - 4510

UP FRONT, 4-1-08Reading for next time: Look for email.Outline for Today 1)Fees vs. tradable permit systems 2)Another economic incentive-based regulation: liability 3)Incentive-based regulations vs. command and controlLiability is another econo

Cornell - AEM - 4510

Cornell - AEM - 4510

UP FRONT, 4-3-08Reading for next time: Look for email.How many of you have studied risk aversion?Outline for Today 1)Incentive-based regulations vs. command and control 2)Knowledge spillovers and RD&D subsidies 3)The Ratchet Effect and rationa

Cornell - AEM - 4510

Cornell - AEM - 4510

UP FRONT, 4-3-08Reading for next time: 399-403 (introduction to valuing the environment) and 411-420 (travel cost method of valuing a park or other attraction) o MCS stands for Marshallian consumer surplus. o Vi is visits from the ith origin or zo

Cornell - AEM - 4510

Cornell - AEM - 4510

UP FRONT, 4-10-08 Watch for problem set by email. Reading for next time: 420-435 (on contingent valuation)o Excellent summary of contingent valuation and related issues, in my opinion o CS stands for compensating surplus. ES stands for equivalent su

Cornell - AEM - 4510

Cornell - AEM - 4510

UP FRONT, 4-17-08 Problem set 5 due next Thursday. Look for it by email. Look for next reading assignment by email.Outline for Today1)Total economic value (including option, altruistic, and existence values)2)Contingent valuation, part 1Thi

Cornell - AEM - 4510

UP FRONT, 4-22-08 Reminder: problem set 5 due Thursday. I have office hour after class here, John has office hour tomorrow 12-2 in Warren 211. Reading for Thursday: pp. 435-441.Outline for Today 1)Contingent valuation, part 2.Key Issues 1. Will

Cornell - AEM - 4510

UP FRONT, 4-24-08 Reading for Tuesday, Arrow et al., Is there a role for benefit-cost analysis in environmental, health, and safety regulation? (Handout and on Website.) Look for problem set by email. Due a week from today, Thursday, April 24. Outlin

Cornell - AEM - 4510

UP FRONT, 4-29-08 Exam May 15 2-4:30 PM, Warren room 131 Dan special office hours. I leave on May 10 to present our research on design changes that may be needed in the Regional Greenhouse Gas Initiative, at a power-system research meeting. o Who

Cornell - AEM - 4510

First Exam: March 13, 2007 AEM 451/Econ 409, Environmental EconomicsPlease, NOTES: write your name below and on the cover of the blue book, and initial the upper right-hand corner of each page of this exam sheet, read each question caref

Cornell - AEM - 4510

Environmental Economics AEM 451/ECON 409 Solutions to Assignment #1 1. a&b.PP2Per-unit taxMWTP MC1 MC2P1Q2Q1Qc&d. Original Situation (MC1, with equilibrium price and quantity equal to p1 and q1): Consumer Surplus: a+b+c+d (The area b

Cornell - AEM - 4510

Environmental EconomicsAEM 451 / ECON 409, Spring Semester 2008 Tuesdays and Thursdays 2:55-4:10 pm Warren 360 Web site accessible through blackboard.cornell.edu.we are at a point in the evolution of environmental policy at which the economics prof

Cornell - AEM - 4510

AEM 451/ ECON 409 Suggested Solutions for Assignment #4 1) a) TC= (3+r)q^2 (2-e)=q (3+r)(2-e)^2 (3+r)(4-4e+e^2) If r=4, 28-28e+7e^2 If r=0, 12-12e+3e^2TC versus E30 25 20 15 10 5 0e 7 1 5 9 1 5 0. 3 1. 3 1. 7 0. 1. 0. 0. 0. 1.r=4 r=0-5b) M

Cornell - AEM - 4510

AEM 451/Econ 409 Suggested Solutions for Problem Set #6 Spring 2008 1) a) Travel Cost Method: interview visitors to Ballona Wetlands, and determine origination location/zone. Construct demand curve linking visitation rate to cost of a visit, and aggr

Cornell - AEM - 4510

AEM 451/Econ 409 Suggested Solutions for Problem Set #5 Spring 2008 1) See the attached Excel spreadsheet for completed figures and calculations. a) We can find the slope by looking at the change in visitation rate and travel costs between any two zo

Cornell - AEM - 4510

AEM 451/ECON 409 Solutions to Problem Set #3 1) a) We need to check all critical points (MD=MB1), as well as the endpoints to find the optimal level of pollution. (If MD crossed MB1 exactly once, from below, the critical point would be a global maxim

Cornell - AEM - 4510

Is There a Role for Benefit-Cost Analysis in Environmental, Health, and Safety Regulation? Author(s): Kenneth J. Arrow, Maureen L. Cropper, George C. Eads, Robert W. Hahn, Lester B. Lave, Roger G. Noll, Paul R. Portney, Milton Russell, Richard Schmal

Cornell - AEM - 4510

Environmental Economics AEM 451/Econ 409, 2008Calculus and Optimization: A ReviewThis course requires use of simple calculus and optimization. The purpose of this handout1 is to provide a brief refresher of derivatives and an introduction to const

Cornell - AEM - 4510

Cornell - AEM - 4510

AEM 451 / Econ 409, Spring 2008 Lecture topics through February 28 1/22 Review of principles of microeconomics *Definitions of environmental, resource, and ecological economics Fundamental fields of economics upon which environmental economics draws

Cornell - AEM - 4510

First Exam: March 13, 2007 AEM 451/Econ 409, Environmental EconomicsPlease, NOTES: write your name below and on the cover of the blue book, and initial the upper right-hand corner of each page of this exam sheet, read each question caref

Cornell - AEM - 4510

AEM 451/ECON 409 PS #2 Solutions 1) a. Plan A: Party Upwind Downwind Plan B: Party Upwind DownwindCosts $5,000 $5,000 Costs $0 $15,000Benefits $1,000 $14,000 Benefits $1,000 $14,000Net Benefits -$4,000 $9,000 Net Benefits $1,000 -$1,000Under

Cornell - AEM - 4510

Environmental Economics AEM 451 / ECON 409 Assignment #1(Distributed Feb. 5, 2008; due by 2:55 p.m. on Tuesday, Feb. 12, 2008 in class) 1. This question asks you to consider the effect of a tax on social surplus. Assume that all of the conditions fo

Cornell - AEM - 4510

Environmental EconomicsAEM 451 / ECON 409 Assignment #2 Distributed Feb. 15, 2008; due by 2:55 p.m. on Tuesday, Feb. 26, 2008 in class. Recall that you may work with others, but that your write-up must be your own. 1. Three different criteria for so

Cornell - AEM - 4510

Environmental EconomicsAEM 451 / ECON 409 Assignment #3 Distributed Feb. 28, 2008; due by 2:55 p.m. on Tuesday, March 4, 2008 at the beginning of class. Recall that you may work with others, but that your write-up must be your own. 1. Marginal benef

Cornell - AEM - 4510

Environmental Economics AEM 451 / ECON 409 Assignment #4 Distributed April 12, 2008; due on Thursday, April 17, 2008 at the beginning of class. Recall that you may work with others, but that your write-up must be your own. 1. Fee versus marketable pe

Cornell - AEM - 4510

Assignment #5 Environmental Economics ECON 409 / AEM 451 (Distributed April 18, 2008; due at the beginning of class on Thursday, April 24) You are welcome to work with others, but your write-up must be your own. 1. Travel cost method You have been co

Cornell - AEM - 4510

Assignment #6 Environmental Economics ECON 409 / AEM 451 Distributed April 26, 2008; due in person or in Dan Shawhans Warren room 105 mailbox by 3 pm Thursday, May 1. Reminder: our May 1 class will be in Warren 401 starting at 2:30. You are welcome t

Cornell - AEM - 4510

ZoneZoneDistance from Park ZonalVisit Visitors Travel Cost Per Population Visitation Rate 1 20 10 5000 600 0.12 2 40 20 25000 2500 0.1 3 60 30 100000 8000 0.08 4 80 40 200000 12000 0.06 5 100 50 10000 400 0.04 6 120 60 75000 1500 0.02 25000 Trave

Cornell - AEM - 4510

Cornell - AEM - 3200

ANNOUNCEMENTSWill begin coverage of contract law next Wednesday x Reading for Monday:x Text at 136-156 Cases at 16-32x xReading for next Wednesday: Text, 158-171; 370-374Is your cell phone silent?Intentional Tortsx x x x x x xBattery

Cornell - AEM - 3200

Business Law I Fall, 2007Agency Law PowerPoint SlidesSlide 1ANNOUNCEMENTSReading for Wednesday: Text 347-368; Cases 163-176 x Study session Thursdayx_ _ __ _ _ _ _ B-06 Sage 7:30 pmxFinal exam info on course website Sign up for early

Cornell - AEM - 3200

ANNOUNCEMENTSReading for Wednesday: Text 347-368; Cases 163-176 x Study session Thursdayx B-06 Sage 7:30 pmx xFinal exam info on course website Sign up for early exam by noon FridayIs your cell phone silent?Relevant Definitionsx xAgen

Cornell - AEM - 3200

Elements of a Valid ContractAgreement between the parties x Reached with genuine, mutual assent x Supported by consideration x For a legal purpose x By parties with capacity x In the required form [if any]xDefinitions in contract lawxexpress v

Cornell - AEM - 3200

Contract IllegalityEffect of illegality x What is illegalx Contract provisions that violate statues Contract provisions that violate public policyEffect of illegalityGeneral rule: contract void x Exceptions [would be voidable]x where statu

Cornell - AEM - 3200

Business Law I Fall, 2007Contracts PowerPoint SlidesSlide 1Elements of a Valid ContractAgreement between the parties x Reached with genuine, mutual assent x Supported by consideration x For a legal purpose x By parties with capacity x In the re

Cornell - AEM - 3200

BUSINESS LAW I FALL 2007 CALENDAR DATE 27-Aug 29-Aug 3-Sep 5-Sep 10-Sep 12-Sep 17-Sep 19-Sep 24-Sep 26-Sep 1-Oct TOPIC LAW AND THE AMERICAN LEGAL SYSTEM Introduction to law. Sources of law. LABOR DAY - NO CLASS American judicial system. Judicial proc

Cornell - AEM - 3200

Business Law I Fall, 2007The following fact pattern will provide the background information necessary to answer the questions in the final exam. You may bring this document and any notes or documents you create while studying with you to rely on wh

Cornell - AEM - 3200

Business Law I Property/Agency Review Answers Fall, 20061.a. New York Labor Law 240 makes an owner liable without fault for injuries sustained by third parties during construction projects. If there is no reference to the statute, than Dave will

Cornell - AEM - 3200

AEM 320; NBA 560 Business Law I Fall, 2006 Property and Agency Review Problems 1. Dave, a computer science professor at Cornell, used the inheritance he received from his uncle to buy the Colonial Building on the Commons in downtown Ithaca. He entere

Cornell - AEM - 3200

What Is Law?xEstablishes relationships between parties Defines rights and obligations Regulates conflicting interests Is usually prohibitoryLaw v. equity x Substantive v. procedural law x Criminal v. civil lawxDeveloped LawxCommon law

Cornell - AEM - 3200

Business Law I Fall, 2007Law and the American Judicial System PowerPoint SlidesSlide 1What Is Law?Establishes relationships between parties Defines rights and obligations Regulates conflicting interests Is usually prohibitory__ _ _ _ _ _ _

Cornell - AEM - 3200

Business Law I AEM 320; NBA 560 October 2007 Midterm Exam ANSWER KEY Each question on this exam was worth 25 points, with points being awarded as follows to denote letter grades: 25 A+ 24 A 23 A22 B+ 21 B 20 B19 C+ 18 C 17 C16 D+ 15 D 14 Dless than 1

Cornell - AEM - 3200

AEM 320; NBA 560 Business Law I Fall, 2006 Answers to Midterm Review Questions Torts 1. The issue is whether the race sponsor is liable for negligence. The student should get NO CREDIT for discussing the liability of the other defendants UNLESS that

Cornell - AEM - 3200

AEM 320; NBA 560 Business Law I Fall, 2006 Midterm Review Questions Torts Review Problems 1. Paul owns a dirt bike, a type of motorcycle designed to be ridden on trails and in fields. He has been riding dirt bikes with his friends for years just for

Cornell - AEM - 3200

ANNOUNCEMENTSReading for Monday: Text 1011-1016; Cases: 109-113 x Please be sure to bring the green map from the course packet to class next Wednesday. x Is your cell phone silent?xProperty Lawx x x x x x x xForms of personal property Bailment

Cornell - AEM - 3200

Business Law I Fall, 2007Property Law PowerPoint SlidesSlide 1ANNOUNCEMENTSReading for Monday: Text 1011-1016; Cases: 109-113 x Please be sure to bring the green map from the course packet to class next Wednesday. x Is your cell phone silent?x

Cornell - AEM - 3200

BUSINESS LAW IFall 2007 AEM 320 and NBA 560 http:/blackboard.cornell.edu to link to course website Professor Grossman 114 Warren Hall 255-8023 dag14@cornell.edu TENTATIVE SCHEDULE Class Topics Introduction Contracts Property Agency & Employment Exa

Cornell - AEM - 3200

AEM 320; NBA 560 Business Law I Fall, 2007 TOPIC OUTLINE LAW AND THE AMERICAN LEGAL SYSTEMI. II. Introduction - What is law? [Text at 1-13] What forms does law take? A. Law v. equity. B. Substantive v. procedural law. C. Criminal v. civil law. Sourc