All Matches

Solution Library

Expert Answer

Textbooks

Search Textbook questions, tutors and Books

Oops, something went wrong!

Change your search query and then try again

Result Not Found

Books FREE
Tutors
Study Help
Hire a Tutor
AI Study Help New

Search
Sign In
Register

study help
business
natural resource economics

Questions and Answers of Natural Resource Economics

How do economists conduct cost-benefit analyses?
Does a monetary valuation of the environment provide a good basis for policy decisions?
What techniques do economists use to estimate the value of the environment and natural resources in monetary terms?
What are the different types of economic values?
What will happen to prices and consumption if resources start to run out?
How can we value resource consumption that will take place in the future?
How should we decide to allocate nonrenewable resources across different generations?
How should we preserve public goods like National Parks, oceans, and the atmosphere?
What policies are effective for managing open-access resources?
Why are resources like fisheries and groundwater often damaged through excessive use?
How and when can property rights be relied upon to solve environmental problems?
What economic policies can be instituted to respond to environmental problems?
How can pollution and environmental damage be represented in economics?
How can economic development become environmentally sustainable?
Will economic growth encounter planetary limits?
What are recent economic and environmental trends?
What is the relationship between economic growth and the environment?
What principles can promote economic and ecological sustainability?
What are the main frameworks that economists use to understand these issues?
What major environmental issues do we face in the twenty-first century?
In this chapter we showed that the owner of an oil deposit in a fully competitive economy would keep his or her wealth constant and achieve the highest consistent level of constant consumption by
El Serafy’s user cost rule.(b) Repeat (a) using an interest rate of 10%.(c) Repeat the calculation for a 5% interest rate, but with the world price of oil being £3.00 at the start of the year and
the net present value method,
At the start of 1998 oil reserves in country X were 504 × 109 barrels. During 1998 country X produced 8 × 109 barrels, and there were no new discoveries of oil there. The world price of oil was
A mineral resource is extracted and sold, yielding £20m annual gross revenue to the owners. Purchases of goods and services used for extraction are £4m, labour costs are £2m and capital equipment
Given the valuation problems inherent in assessing many forms of environmental damage or degradation, is it better to concentrate efforts on developing a comprehensive system of physical
Devise a checklist for the qualitative and quantitative information which a university should be asked to furnish as a basis for an environmental audit of its functional activities.
There is a lot more coal remaining than there is natural gas, in the world as a whole. The combustion of coal releases more CO2, and other pollutants, per unit energy released, than is the case with
Discuss the distinction between ‘economic’ and‘non-economic’ environmental assets. Compile a short list of three or four specific noneconomic environmental assets, and identify the costs and
Discuss the arguments for and against the exclusion, or deduction, of defensive or preventive environmental expenditure from GDP. Identify other components of GDP which, it could be argued, should be
Five European countries have access to the water resources of the River Rhine, which are intensively used for commercial and industrial purposes. Discuss (a) methods of valuation of Rhine
Equation 18.8 in the text was given in two forms. The first was given by= (18.8a)and the second was given by:p = ipST + iP (18.8b)Find the equivalent first-order conditions for optimal extraction of
Examine how the inclusion of non-timber benefits alters the optimal stand age at which felling takes place. Does the change vary from one set of non-timber values to another? Do your conclusions
The Excel workbook Non Timber.xls(see Companion Website) models the consequences of including non-timber values in a single-rotation forest model. The first sheet – Parameter values – defines
The following three exercises require that you use the Excel file palc18.xls.(a) Calculate the optimal rotation lengths for a single-rotation forest for the interest rates 1, 2, 4, 5 and 6%. These
How would the optimal rotation interval be changed as a result of(a) an increase in planting costs;(b) an increase in harvesting costs;(c) an increase in the gross price of timber;(d) an increase in
Demonstrate that a tax imposed on each unit of timber felled will increase the optimal period of any rotation (that is, the age of trees at harvesting) in an infinite-rotation model of forestry. What
Using a spreadsheet program, calculate the volume of timber each year after planting for a period of up to 130 years for a single unfelled stand of timber for which the age–volume relationship is
How will the optimal rotation interval be affected by extensive tree damage arising from atmospheric pollution?
In what circumstances, and on what criterion, can the conversion of tropical forestry into agricultural land be justified?
Discuss the contention that it is more appropriate to regard natural forests as non-renewable than as renewable resources.
Discuss the implications for the harvest rate and possible exhaustion of a renewable resource under circumstances where access to the resource is open, and property rights are not well defined.
Is it reasonable for individuals living in Western Europe today to advise others to conserve tropical forests given that the countries in which they live effectively completed the felling of their
Table 17.5 demonstrated that while the signs of partial derivatives for open access and static private property were identical for the steady-state equilibrium stock and effort, for the steady-state
Demonstrate that open access is not costminimising.
Calculate the ‘growth rate’, dG/dS, at which the fish population is growing in the openaccess equilibrium, the static private-property equilibrium, and the present-value-maximising equilibrium
(i) The results of this chapter have shown that the outcomes (for S, E and H) are identical in what has been called the PV-maximising model and the static private-fishery profitmaximising model when
In what circumstances would it be plausible to assume that, as a first approximation, harvest costs do not depend on stock size?
A simple model of bioeconomic (that is, biological and economic) equilibrium in an open-access fishery in which resource growth is logistic is given by and B − C = PeES − wE = 0 with all
(a) The simple logistic growth model given as equation 17.3 in the text gives the amount of biological growth, G, as a function of the resource stock size, S. This equation can be easily solved for S
Fish species are sometimes classified as‘schooling’ (such as herring, anchovies and tuna) or ‘searching’ (non-schooling) classes, with the former being defined by the tendency to ‘school’
To what extent do environmental ‘problems’arise from the absence (or unclearly defined assignation) of property rights?
Discuss the implications for the harvest rate and possible exhaustion of a renewable resource under circumstances where access to the resource is open, and property rights are not well defined.
Would the extension of territorial limits for fishing beyond 200 miles from coastlines offer the prospect of significant improvements in the efficiency of commercial fishing?
What fraction of the world’s protein requirements is met by fish? What are the implications of your answer?
Using equation 11.18, deduce the effect of an increase in a for a given value of r, all other things being equal, on:(a) M* (b) A*
In what principal ways do stock pollution models differ from models of flow pollutants?
Discuss, with diagrams, the consequences of the discovery of North Sea oil for(a) the price and output levels for the oil market;(b) the date of exhaustion of oil reserves.What will be the probable
In the case of perfect competition, if the private discount rate is higher than the correct social discount rate, explain, with diagrams, why the market will exhaust the resource too quickly.
Explain, with diagrams, why a monopolistic non-renewable resource market is biased towards conservation and therefore will increase the ‘life’ of the resource.
In equation 15.5, if r = 0, what are the implications for(a) P0 and P1?(b) R0 and R1?(Problems 4, 5 and 6 are based on Table 15.3.)
The version of Hotelling’s rule given in equation 15.5 requires the net price to grow proportionately at the rate r. Under what circumstances would this imply that the gross price also should grow
What is the resource price in each period(a) in utility units;(b) in euros, given that U = log(C), where U is utility units, log is the natural logarithm operator, and C is consumption (or income),
All(non-physical) units are in European units of utility. The social welfare function is discounted utilitarian in form, with a social utility discount rate of 0.1. Given that the objective is to
The constant marginal cost of resource extraction is
The following information is available. There is a single fixed stock of a non-renewable resource;the magnitude of this stock at the start of year 0 is 224 (million tonnes). The inverse resource
You are currently at the start of year
Consider two consecutive years, labelled 0 and
The notion of sustainability is used differently in economics than in the natural sciences.Explain the meaning of sustainability in these two frameworks, and discuss the attempts that have been made
‘The exploitation of resources is not necessarily destructive... need not imply the impoverishment of posterity . . . It is the diversion of national income from its usual channels to an increased
‘An examination of natural resource matters ought to recognise technical/scientific, economic, and socio-political considerations.’ Explain.
Discuss the merits of a proposal that the government should impose a tax or subsidy where an non-renewable resource is supplied monopolistically in order to increase the social net benefit.
The simplest model of optimal resource depletion is the so-called ‘cake-eating’ problem in which welfare is a discounted integral of BC utility, utility is a function of consumption, and
Using equation 14.15 in the text (that is, the Hotelling efficiency condition), demonstrate the consequences for the efficient extraction of a non-renewable resource of an increase in the social
Using the relationship r = r + h demonstrate that if the utility function is of the special form U(C) = C, the consumption rate of discount (r) and the utility rate of discount are identical.
Recycling of non-renewable resources can relax the constraints imposed by finiteness of non-renewable resources. What determines the efficient amount of recycling for any particular economy?
Discuss the possible effects of technical progress on resource substitutability.
Are non-renewable resources becoming more or less substitutable by other productive inputs with the passage of time? What are the possible implications for efficient resource use of the elasticity of
The construction of a hydroelectric plant in a wilderness valley is under consideration. It is known that the valley contains an insect species found nowhere else, and the project includes relocating
In Figure 13.4 with MNB1 = 10 − (A1/2) and MNB2 = 20 − (A2/2) known with certainty, find the levels of A1 and A2, (a) if there is no irreversibility, (b) if irreversibility applies but is ignored
Consider an individual for whom Y is initially£100 and U(Y) = Ya, offered a bet on the toss of a fair coin at a price of £5. For each of the payouts A and B, calculate the expected value of the Y
Should the safe minimum standard approach be applied to setting standards for environmental pollution? If so, how could it be done?
How could the value of an environmental performance bond be set?
Is the loss of a species of plant or animal necessarily of economic concern? Is this true for every species that currently exists? Do we now suffer as a consequence of earlier extinctions?
Theory suggests that WTA(y) = WTP(y +WTA(y)) where y is income. This insight provides an opportunity to test the validity of the contingent valuation method. For example, Hammack and Brown (1974)
With E as some index of environmental quality and C1 and C2 as two ‘ordinary’ commodities, consider the following utility functions in regard to whether C1 is non-essential and whether C1 and E
Suppose that an individual has the utility function U = E0.25 + Y0.75 where E is some index of environmental quality and Y is income. From an initial situation where E = 1 and Y = 100, calculate CS
Suppose an individual has the following utility function, where U denotes total utility and Q the quantity of a good or service consumed in a given period of time:U(Q) = aQ +(a) Obtain the
Explain the problems involved in using the hedonic technique to value (a) non-marginal changes in the level of an environmental amenity and (b) the value of an environmental amenity whose level
Explain how you would conduct a travel cost study to determine the recreational value of Snowdonia national park.
Why have CE models become so popular in recent years?
Are CV studies unreliable?
Why do WTP and WTA differ and when is it appropriate to employ one rather than another?
What different values might people have for stocks of the African Elephant?
Rework the MCA example considered in the chapter:a. With the following scoring of the qualitative assessment of the wildlife and amenity impacts Bad Moderate Slight 12 3b. With the following scoring
Solve equation 11.31 for a with NPV set at 0 to get an expression for a*, the value of a that makes the project marginal, in terms of r, X, P and D. Treat X, P and D as parameters and find[a*/[r.
The Safe Water Drinking Act required the United States Environmental Protection Agency to establish action standards for lead in drinking water. The EPA evaluated three options(labelled A, B and C
Consider the two social welfare functions WU = U(1) + U(2) (utilitarian)WR = min{U(1), U(2)} (Rawlsian)where Ui = ln(Xi) is the utility enjoyed by the ith generation from the consumption Xi, i = 1,
Derive the optimality conditions for the model specified in Appendix 11.1.
In the context of a proposed hydroelectric development in a wilderness area, has the Krutilla–Fisher argument about the relative price movements that should be assumed in ECBA been affected by

Showing 1000 - 1100 of 2541

First
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
Last

Services

Sitemap
Fun
Definitions
Become Tutor
Study Help Categories
Recent Questions
Expert Questions

Company Info

Security
Copyrights
Privacy Policy
Terms & Conditions
SolutionInn Fee
Scholarship

Get In Touch

About Us
Contact Us
Career
Jobs
FAQ
Campus Ambassador

Secure Payment

Download Our App

© 2024 SolutionInn. All Rights Reserved