Contingent Valuation or State Preferences. This method is increasingly used to put values on environmental goods. You should study the example of safe water in Korea. (any draw backs of CV? Is there a better method?) Explain the Tragedy of the commons, what type of goods does this relate to? Property Rights (HW), Emission Prices/Fees, Permit Trading (HW)

Contingent Valuation or State Preferences. This method is increasingly used to put values on environmental goods. You should study the example of safe water in Korea. (any draw backs of CV? Is there a better method?) Explain the Tragedy of the commons, what type of goods does this relate to? Property Rights (HW), Emission Prices/Fees, Permit Trading (HW)

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter14: Environmental Economics

Section: Chapter Questions

Problem 17SQ

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