4. Suppose that the World Bank is considering funding a project in the developing country of Hydroland
Question:
4. Suppose that the World Bank is considering funding a project in the developing country of Hydroland to construct a major dam to generate hydroelectricity and reduce flooding. e reservoir will also be used for recreation but will require the relocation of several villages. You have been hired by the bank as an economist to determine the economic costs and benefits of the project. Develop a list of potential costs and benefits. Be sure to include at least two potential ecosystem service impacts and one nonuse cost or benefit. For ea of these impacts, what nonmarket valuation teniques do you think are appropriate for estimating the economic value?
Step by Step Answer:
Microeconomics In Context
ISBN: 9781138314566
4th Edition
Authors: Neva Goodwin , Jonathan M. Harris, Julie A. Nelson , Pratistha Joshi Rajkarnikar , Brian Roach , Mariano Torras