11Lecture

11Lecture - 2. Descrive the inputs and outputs 3. Estimate...

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Lecture 11 14:40 Cost Effectiveness of Different Projects to Reduce NOx Emissions in Southern  California What are plausible sources of the economic values associated with reduction in the  quality of a natural resource: On site recreation Extractive uses of the natural resource Uses of stream flows of irrigation, municipal, and industrial water supplies Transportation services Cost Benefit Analysis 1. Public Decisions 2. Usually involces missing markets Cost-Benefit Methodology 1. Define the project or program
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Unformatted text preview: 2. Descrive the inputs and outputs 3. Estimate social costs and benefits 4. Compare benefits and costs Distributing Implications: 1. Treating similarly situated people the same way Person A Person B Person C Reduced Env Damages $/Year 60 80 120 Abatement cost $/tear 40 60 80 Difference 20 20 40 2. How policy impinges on people who are in different circumstances Risk Analysis: Risk Assessment 1. Exposure analysis 2. Dose-response analysis 3. Risk characteristics Risk Valuation: 14:40 14:40...
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11Lecture - 2. Descrive the inputs and outputs 3. Estimate...

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