ECON 548 Spring 2011 Lecture 8

ECON 548 Spring 2011 Lecture 8 - ECON/ENVR 548 Spring 2011...

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ECON/ENVR548 Spring 2011 Lecture 8 Jason H Murray
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Exam 1: Feb 23 rd (2 weeks) Survival Kit Sections: Growth and Sustainability Values and Valuation Techniques Production and Natural Capital Externalities and Pollution Control Text Chapters 6-12 Earlier Chapters are background, won’t test directly on these.
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Final Projects Group (or individual) proposals due: March 2 nd Can be original study groups / other groups or individual. Proposal: 5-10 sentences about your project Who you are advising Nature of Environmental or Resource related decision Ideas on where you will find data/information
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Practice problem from last time We have two polluting firms (1 unit of output = 1 unit of pollution) with Marginal Benefits: How much will each firm pollute without regulation? Suppose the regulator wants a total reduction of 20% and assigns this equally to each firm. What are each firms’ total and marginal costs of abatement? If we allow the firms to trade their allotted pollution, who will trade
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ECON 548 Spring 2011 Lecture 8 - ECON/ENVR 548 Spring 2011...

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