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a What is die cost to the rm under _ m - versus no government involvement What is the maximum that victims are willin_ to - a for this chan_e in

Please help me with these three questions I am having trouble on how to calculate these questionsIMG_0976.jpgIMG_0975.jpg

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a What is die cost to the firm under _ m
- versus no government involvement What is the maximum that victims are willin_ to - a for this chan_e in emissions? to acce . t for this chan_e in emissions? _ a What is the cost to the victims of ‘
What is the savings to society from the stand:
For I estlonsa- 11 assamatinrcisaliabifl \
‘ 5—.“ what level of emissions does the liabili Mm]: encoura : e the firm to o . rate? —
a What is the cost to the firm at this emissions level? —
com r nsatjon ? -
What is the savings to society from the liability rule -
m = how much wxll emissions chan e from bar ainin 7
13
m What is the room for a bar_ain?
For Questions 1 7 - 21 assume that property rights are assigned to victims (PRV), transactions are no standard 1
rule and assume no transaction it -acion costs.
What is the cost to victims of pollution at this level [net cost accounting for any
i.e. no liabiii rule ?
For Questions 12 - 16 assume that property rights are assigned to polluters (PEP), transactions are
allowed, and transaction costs are zero.
allowed, and transaction costs are zero. Assume gains from trade
: s. {0.4 each} on the victims and the ,5 J .

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