(a) Calculate the real income change that goes with the results given in Box 8.1 for a...
Question:
(a) Calculate the real income change that goes with the results given in Box 8.1 for a 50%
reduction in emissions.
(b) If the utility function is assumed to have the form C1 0.5C2 0.5Ed
, find the value of d for which it would be true that utility did not fall with the 50% reduction in emissions.
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Related Book For
Natural Resource And Environmental Economics
ISBN: 9780321417534
4th Edition
Authors: Roger Perman, Yue Ma, Michael Common, David Maddison, James McGilvray
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