+1-415-670-9189
info@expertsmind.com
Describe a transaction that would benefit the fishers
Course:- Econometrics
Reference No.:- EM131134617




Assignment Help
Expertsmind Rated 4.9 / 5 based on 47215 reviews.
Review Site
Assignment Help >> Econometrics

Stream Preservation. Consider a trout stream that is threatened with destruction by a nearby logging operation. Each of the 10,000 local fishers would be willing to pay $5 to preserve the stream. The owner of the land would incur a cost of $20,000 to change the logging operation to protect the stream.

a. Is the preservation of the stream efficient from the social perspective?

b. If the landowner has the right to log the land any way he wants, will the stream be preserved?

c. Propose a solution to this problem. Describe a transaction that would benefit the fishers and the landowner.




Put your comment
 
Minimize


Ask Question & Get Answers from Experts
Browse some more (Econometrics) Materials
A Whoey option pays the difference between the final price and the maximum price of a stock over the period of the the option. For example, if the price of a stock is 200, 220
Jill earns more than Bob and she came by her income fairly and honestly. Which of the following political philosophies would argue against the redistribution of income from
Suppose that in 1984 the total output in a single-good economy was 10,000 buckets of chicken and the price of each bucket of chicken was $10. In 2005 the price per bucket of
Suppose that the price elasticity for hip replacement surgeries is 0.2. Further suppose that hip replacement surgeries are originally not covered by health insurance and tha
Water damage from flooding related to hurricane Sandy in two northeastern Cities resulted in damages estimated at $216 million. As a result of the claimant payouts, insuranc
Compute the projected profit for the order quantities suggested by the management team under three scenarios: worst case in which sales equal 10,000 units, most likely case
Jonathan (a monopolist) maximizes profit by producing a quantity of 800 pillows where marginal cost is $2 and average cost is $4. Consumers are willing to pay as high as $10
Let's say that your goal is to raise the rate of saving in the United States by 3 percentage points. What are the various ways you could accomplish this? Which of your solut