Lec6 Eff Poll_posted

Lec6 Eff Poll_posted - Efficient Polluting Administrative...

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Efficient Polluting Efficient Polluting
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Administrative Stuff Administrative Stuff Homework 1 due Friday! Do HW in pairs! See syllabus for rules Answer key ends acceptance of late homeworks To be posted Monday after class No Lecture or Discussion Monday 1/21 Sit in on another section, space allowing
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Last Times Last Times How markets work When they fail
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Today: Efficient Polluting Today: Efficient Polluting Benefits of polluting Costs of polluting Using them to find the efficient level of pollution
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Why reduce pollution? Why is there pollution? Efficiency
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Costs, alias Damages Costs, alias Damages Total Costs Damages from pollution Slope up or down? Concave or convex? Pollution $ Pollution $ Convex Concave
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Benefits Total Benefits Profits if pollute Slope up or down? Concave or convex?
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This note was uploaded on 04/02/2008 for the course ECON 370 taught by Professor Helfand during the Winter '08 term at University of Michigan.

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Lec6 Eff Poll_posted - Efficient Polluting Administrative...

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