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Suppose the fishery allowed free access. Would a fall in the price of fish generally result in a larger or a smaller harvest? Why?
Why would a regulation that increases the marginal cost of fishing effort by banning certain types of gear or a tax on effort be equally efficient?
Assume that a local fisheries council imposes an enforceable quota of 100 tons. Is yield an efficient solution to the common property problem? Why or why not?
What would be the size of the annual catch if the population were to be sustained at this level?
With discounting it is possible for the efficient fish population to fall below the level. Does the yield violate the sustainability criterion? Why or why not?
Why would a rise in the price of timber make sustainable forest practices more or less likely? Why
Suppose there are two identical forest plots except that one will be harvested. In terms of efficiency, which one should have the oldest harvest age? Why?
What are the consequences of this on consumers, domestic and foreign producers, and land use of this on consumers, domestic and foreign producers, and land use?
What assumptions are necessary for export taxes to be born entirely by foreign consumers?
Use your knowledge of property rights to discuss whether or not soil erosion could be expected to be a more serious problem with absentee landlords.
What would the elasticity of supply have to be for a food stamp program to increase the availability of food to the poor with no price increase?
What effect do you think this might have on land-use patterns, specifically the density of residential development?
Use bid rent function analysis to suggest what effects this subsidy might be expected to have on land use.
Changing preferences can also affect changes in land use. What effects might this have on the location and the nature of the residential housing stock?
Suppose a state was trying to decide whether to fund primary and secondary education. What implications might this choice have for land use in the state?
What might be the attraction to landowners who might donate land or conservation easements to the conservation organizations?
In the United States, a principal responsibility for preserving endangered species. Which do you think is the better approach? Why?
Discuss how block rate pricing attempts to provide some resolution to this dilemma. How would it work?
Why would you have an incentive to extract the water efficiently over time? Why or why not?
Suppose that in a particular area the consumption of water varies tremendously. What effect would great deal have on an efficient rate structure for water?
Why should you be careful about the amount you use or should you simply use whatever you want whenever you want it?
In your hometown what system is used to price the publicly supplied water? Why was that pricing system chosen? Would you recommend an alternative?
What pricing system is used to price the water you use at your college or university? Does this pricing system affect your behavior about water use?
Is risk-neutrality an appropriate assumption for benefit-cost analysis? Does it seem more appropriate for some environmental problems than others?
How much would be supplied by a competitive market? Compute the consumer surplus and producer surplus. Show that their sum is maximized.