Benefit and cost.

Question

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Answer 1

Question

Chapter 16, Problem 1P

(a):

To determine

Benefit and cost.

(a):

Expert Solution

Explanation of Solution

User’s benefits are prevention from the highway corrosion, rust on vehicle, corrosion to utility lines and damages to water supplies and damages to vegetation and soil surrounding areas.

The sponsor’s costs are paying a higher tax and unknown environmental damages that causes due to the usage of CMA.

(b):

To determine

Salt damages.

(b):

Expert Solution

Explanation of Solution

The damage is calculated by following the given procedure. The state gives exclusive rights to the CMA for a selected area and road salt for another area tor a particular period of time. After that particular time period, It is evaluated the vegetation yield, road salt yield and compared both the result. The difference int eh value is quantified in terms of monetary value.

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Section 1 Answer all questions. Show all your workings. (a) Suppose there are two firms 1 and 2, whose abatement costs are given by c₁(e₁) and c₂ (e₂), where e denotes emissions and subscripts denote the firm. We assume that c{(e;) 0 for i = 1,2 and for any level of emission e we have c₁'(e) # c₂'(e). Furthermore, assume the two firms make different contributions towards pollution concentration in a nearby river captured by the transfer coefficients ε₁ and 2 such that for any level of emission e we have 2(e) +2 The regulator does not know the resulting C₁'(e) Τι environmental damages. Using an analytical approach explain carefully how the regulator may limit the concentration of pollution using (i) a Pigouvian tax scheme and (ii) uniform emissions standards. Discuss the cost-effectiveness of both approaches to control pollution. [200 marks] (b) "Whether the regulator sells or gives away tradeable emission permits free of charge, the quantities of emissions produced by firms are the…

Answer 2

Question

Chapter 16, Problem 1P

(a):

To determine

Benefit and cost.

(a):

Expert Solution

Explanation of Solution

User’s benefits are prevention from the highway corrosion, rust on vehicle, corrosion to utility lines and damages to water supplies and damages to vegetation and soil surrounding areas.

The sponsor’s costs are paying a higher tax and unknown environmental damages that causes due to the usage of CMA.

(b):

To determine

Salt damages.

(b):

Expert Solution

Explanation of Solution

The damage is calculated by following the given procedure. The state gives exclusive rights to the CMA for a selected area and road salt for another area tor a particular period of time. After that particular time period, It is evaluated the vegetation yield, road salt yield and compared both the result. The difference int eh value is quantified in terms of monetary value.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 3

Question

Chapter 16, Problem 1P

(a):

To determine

Benefit and cost.

(a):

Expert Solution

Explanation of Solution

User’s benefits are prevention from the highway corrosion, rust on vehicle, corrosion to utility lines and damages to water supplies and damages to vegetation and soil surrounding areas.

The sponsor’s costs are paying a higher tax and unknown environmental damages that causes due to the usage of CMA.

(b):

To determine

Salt damages.

(b):

Expert Solution

Explanation of Solution

The damage is calculated by following the given procedure. The state gives exclusive rights to the CMA for a selected area and road salt for another area tor a particular period of time. After that particular time period, It is evaluated the vegetation yield, road salt yield and compared both the result. The difference int eh value is quantified in terms of monetary value.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Question

Chapter 16, Problem 1P

(a):

To determine

Benefit and cost.

(a):

Expert Solution

Explanation of Solution

User’s benefits are prevention from the highway corrosion, rust on vehicle, corrosion to utility lines and damages to water supplies and damages to vegetation and soil surrounding areas.

The sponsor’s costs are paying a higher tax and unknown environmental damages that causes due to the usage of CMA.

(b):

To determine

Salt damages.

(b):

Expert Solution

Explanation of Solution

The damage is calculated by following the given procedure. The state gives exclusive rights to the CMA for a selected area and road salt for another area tor a particular period of time. After that particular time period, It is evaluated the vegetation yield, road salt yield and compared both the result. The difference int eh value is quantified in terms of monetary value.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 16, Problem 1P

(a):

To determine

Benefit and cost.

(a):

Expert Solution

Explanation of Solution

User’s benefits are prevention from the highway corrosion, rust on vehicle, corrosion to utility lines and damages to water supplies and damages to vegetation and soil surrounding areas.

The sponsor’s costs are paying a higher tax and unknown environmental damages that causes due to the usage of CMA.

(b):

To determine

Salt damages.

(b):

Expert Solution

Explanation of Solution

The damage is calculated by following the given procedure. The state gives exclusive rights to the CMA for a selected area and road salt for another area tor a particular period of time. After that particular time period, It is evaluated the vegetation yield, road salt yield and compared both the result. The difference int eh value is quantified in terms of monetary value.

Answer 6

Chapter 16, Problem 1P

(a):

To determine

Benefit and cost.

(a):

Expert Solution

Explanation of Solution

User’s benefits are prevention from the highway corrosion, rust on vehicle, corrosion to utility lines and damages to water supplies and damages to vegetation and soil surrounding areas.

The sponsor’s costs are paying a higher tax and unknown environmental damages that causes due to the usage of CMA.

Answer 7

Chapter 16, Problem 1P

(a):

To determine

Benefit and cost.

Answer 8

(a):

Expert Solution

Explanation of Solution

User’s benefits are prevention from the highway corrosion, rust on vehicle, corrosion to utility lines and damages to water supplies and damages to vegetation and soil surrounding areas.

The sponsor’s costs are paying a higher tax and unknown environmental damages that causes due to the usage of CMA.

Answer 9

(a):

Expert Solution

Answer 10

(a):

Expert Solution

Answer 11

Expert Solution

Answer 12

(b):

To determine

Salt damages.

(b):

Expert Solution

Explanation of Solution

The damage is calculated by following the given procedure. The state gives exclusive rights to the CMA for a selected area and road salt for another area tor a particular period of time. After that particular time period, It is evaluated the vegetation yield, road salt yield and compared both the result. The difference int eh value is quantified in terms of monetary value.

Answer 13

(b):

To determine

Salt damages.

Answer 14

(b):

Expert Solution

Explanation of Solution

The damage is calculated by following the given procedure. The state gives exclusive rights to the CMA for a selected area and road salt for another area tor a particular period of time. After that particular time period, It is evaluated the vegetation yield, road salt yield and compared both the result. The difference int eh value is quantified in terms of monetary value.