Docsity
Docsity

Prepare for your exams
Prepare for your exams

Study with the several resources on Docsity


Earn points to download
Earn points to download

Earn points by helping other students or get them with a premium plan


Guidelines and tips
Guidelines and tips

ECON 462 Notes: Pacific Biodiversity & Incentive-Based Controls, Study notes of Economics

These notes from nikishna myron's econ 462 class cover pacific biodiversity assessments and incentive-based environmental controls. Topics include the clean water act, tndl procedure, point source incentive-based controls, tradable emission permits, and cost effectiveness. The document also includes several graphs and homework questions.

Typology: Study notes

Pre 2010

Uploaded on 08/19/2009

koofers-user-clf
koofers-user-clf 🇺🇸

4

(1)

10 documents

1 / 2

Toggle sidebar

This page cannot be seen from the preview

Don't miss anything!

bg1
Nikishna Myron
10/17/05
ECON 462
Notes 5.1
Pacific Biodiversity Assessments – Conservation Geography
Ben’s Reading for REM 515
Control and Command
Incentive based controls
E.g. Europe will be implementing regulations of 30-45 thousand products
Assume the worst
oUntil non-negative outcomes are proven
Under the Clean Water Act
If a river doesn’t meet standards
oTNDL Procedure
oPropose Mitigation measures
oWilson Creek
Fecal Chloroform
Standards for Non-Point Source pollution
Point Source Incentive-Based Control
Taxes
oSubsides
Negative Taxes
oHard to Implement
Harder to Enforce
oMarginally Profitable Businesses will go out of business
Creates Monopolies or Cartels
oCost Minimizing in gross
Yet not in terms of impacts to the people
Tradable Emission Permits (Marketable Permits)
oCharge for use and capacity
[Graph] Supply Curve for Abatement
[Graph] Unit Tax Abatement Chart
pf2

Partial preview of the text

Download ECON 462 Notes: Pacific Biodiversity & Incentive-Based Controls and more Study notes Economics in PDF only on Docsity!

Nikishna Myron 10/17/ ECON 462 Notes 5. Pacific Biodiversity Assessments – Conservation Geography  Ben’s Reading for REM 515 Control and Command Incentive based controls E.g. Europe will be implementing regulations of 30-45 thousand products  Assume the worst o Until non-negative outcomes are proven Under the Clean Water Act  If a river doesn’t meet standards o TNDL Procedure o Propose Mitigation measures o Wilson Creek  Fecal Chloroform  Standards for Non-Point Source pollution Point Source Incentive-Based Control  Taxes o Subsides  Negative Taxes o Hard to Implement  Harder to Enforce o Marginally Profitable Businesses will go out of business  Creates Monopolies or Cartels o Cost Minimizing in gross  Yet not in terms of impacts to the people  Tradable Emission Permits (Marketable Permits) o Charge for use and capacity [Graph]  Supply Curve for Abatement [Graph]  Unit Tax Abatement Chart

Homework Questions online tonight (print out) [Graph]  New Abatement Technologies [Graph]  Redraw of Cost Effectiveness Tradable Permits [Graph] Firm 2 will buy permits from Firm 1  Like Coase Theorem o Pay someone else to abate for me  One saves money  One makes money