AEM_4510_PS_2 - 4) Another Congressman disagrees with using...

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Environmental Economics AEM 4510/ECON 4090 Assignment #2 Distributed February 17; due at the start of class on February 26 1) Kolstad, page 132, Problem #1 2) Kolstad, page 133, Problem #6 3) A Congressman claims that Command and Control style regulations will always result in a decrease in total pollution, while market incentives such as cap and trade programs and Pigovian fees offer no such guarantee, instead giving firms a “license to pollute.” Do you agree or disagree with this statement? In one or two paragraphs, explain why. (You may also include charts or graphs if it helps your case.)
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Unformatted text preview: 4) Another Congressman disagrees with using market incentives to control pollution by noting that firms paid no heed to the damage caused before we cared about pollution, therefore we should pay no heed to the costs associated with cleaning up or preventing pollution. Do you agree or disagree with this statement? In one or two paragraphs, explain why. (You may also include charts or graphs if it helps your case.) 5) Kolstad, page 176, Problem #5 6) Kolstad, page 176, Problem #6 7) Performance in Marketable Permits Game...
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