"Despite economists’ support of a market approach to environmental policy, the command- and-control approach continues to...
"Despite economists’ support of a market approach to environmental policy, the command- and-control approach continues to dominate the policy of most nations". Explain why this is the case. What are some of the common criticisms of market-based initiatives?
Homework Answers
This is somewhat justified by the situation of the command-and-control strategy that dominates the present environmental policy. The overwhelming impact of command-and-control demonstrates why there is no immediate notice of progress towards the use of market-based approaches. A very extended method is the method of creating a fresh policy or reforming an existing policy. The command-and-control strategy has a background with authorities and citizens who do not have a market-based strategy that can lead individuals to feel uncertain or even reject the strategy together.
People have argued that the market-based method values pollution as a positive and not as a negative. Others who have not observed the results they expected in permit exchange programs are primary critics of the method. Some people are apprehensive when it comes to the expenses associated with the market-based supervising and register systems.
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"Despite economists’ support of a market approach to
environmental policy, the command- and-control approach continues
to...
1 a) Show that when all consumers and producers are price takers, a competitive equilibrium is...
1 a) Show that when all consumers and producers are price takers, a competitive equilibrium is always Pareto optimal. (9 marks) b) Despite economists’ support of a market approach to environmental policy, the command- and-control approach continues to dominate the policy of most nations. Explain why this is the case. In your response, cite and then comment on some of the common criticisms of market-based initiatives. ( 6 mark ) c) Explain the following using appropriate diagram. ( 20 mark...
What is a voluntary pollution-control program and voluntary environmental program's most effective approach in terms of...
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MSB=MPB = 50 - 0.4Q MPC = 2+0.2Q MSC = 2+0.4Q determine competitive equilibrium. Determine the...
MSB=MPB = 50 - 0.4Q
MPC = 2+0.2Q
MSC = 2+0.4Q
determine competitive equilibrium.
Determine the allocative efficient equilibrium.
what amount of a Pigouvian tax would result in the efficient
equilibrium? what is the price producers would recieve and what is
the price consumers would pay at this tax level?
3. A chemical manufacturing plant is releasing nitrogen into the air, and these emissions are associated with health and ecological damages. Economists have estimated the following marginal costs and benefits...
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In late February 2020, Kuwait government took some early
initiatives to control the Coronavirus pandemic. For Kuwait, the
pandemic is considered to be a Double-Edged Sword, as the lower
demand for oil has reduce the nation’s income and has paralyzed the
domestic economic activities. Despite government support, many
companies continue to lay off workers, which may lead to further
reduction of national income.
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Problem 4: Advanced electrical ceramics overwhelmingly control the global market share (figure 1). One interesting technology...
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The residual dividend policy approach to dividend policy is based on the theory that a firm's...
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23. Suppose the Environmental Protection Agency (LRT mental Protection Agency (EPA) wants to mandate that all...
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1. On the one hand, what harms are potentially produced by failing to take action to control clim...
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Traditional economists also assume human beings have complete self-control. But, for instance, people will buy cigarettes...
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MSB=MPB = 50 - 0.4Q
MPC = 2+0.2Q
MSC = 2+0.4Q
determine competitive equilibrium.
Determine the allocative efficient equilibrium.
what amount of a Pigouvian tax would result in the efficient
equilibrium? what is the price producers would recieve and what is
the price consumers would pay at this tax level?
3. A chemical manufacturing plant is releasing nitrogen into the air, and these emissions are associated with health and ecological damages. Economists have estimated the following marginal costs and benefits...
In late February 2020, Kuwait government took some early
initiatives to control the Coronavirus pandemic. For Kuwait, the
pandemic is considered to be a Double-Edged Sword, as the lower
demand for oil has reduce the nation’s income and has paralyzed the
domestic economic activities. Despite government support, many
companies continue to lay off workers, which may lead to further
reduction of national income.
4. To support the domestic economic activities, Kuwait government requested the banks to freeze the collection of...
Problem 4: Advanced electrical ceramics overwhelmingly control the global market share (figure 1). One interesting technology that uses electrical ceramics is the non-linear voltage dependent resistor, also termed varistor. The most common material used to make varistors is ZnO. The following questions are related to ZnO varistors. Note that you may need to do some independent research for some of these questions. a) Briefly outline how a varistor works (2 points). b) Describe an application of a varistor (2 points)....
The residual dividend policy approach to dividend policy is based on the theory that a firm's optimal dividend distribution policy is a function of the firm's target capital structure, the investment opportunities available to the firm, and the availability and cost of external capital. The firm makes distributions based on the residual earnings. Consider the case of Red Bison Petroleum Producers Inc.: Red Bison Petroleum Producers Inc. has generated earnings of $180,000,000. Its target capital structure consists of 60% equity...
23. Suppose the Environmental Protection Agency (LRT mental Protection Agency (EPA) wants to mandate that all methane emissions must be reduced to zero in order to alleviate global warming in the United States. Which of the following describes why most economists would disagree with this policy a. The environment is not worth protecting b. Reducing methane emissions is desirable, but whatever level of pollution firms decide to emit privately is already efficient c. The opportunity cost of zero pollution is...
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