Environment and Natural Resource Economics -Tietenberg, Chapter 5

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FinanceKid

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@rasengan4480 2 ай бұрын

You're so good at explaining these concepts

@christopherhankin4409 Жыл бұрын

Really helpful video, made it easy to complete my environmental econ homework. But... at 23:44 you are calculating the MUC for periods 1 and 2, but for some reason you dont multiply the MUC for period 2 by 1+r. I am a bit confused by that.

@aidengerwing736 2 жыл бұрын

dude thank you so much for making this video. I have spent so long messing around with this problem in excel. Appreciate you, thanks !

@michmichxo22 6 жыл бұрын

Thank you for these videos they are so helpful

@chanson8508 2 жыл бұрын

Thanks! I appreciate these videos 🙏🏾

@sharonbwire5413 4 жыл бұрын

This is very helpful, can we have a calculation with two different equations,different marginal costs and similar allocation of units for both periods.

@boiledgermanfood 3 жыл бұрын

super helpful thank you very much

@carissalala 3 жыл бұрын

What software to draw the graph? Thanks

@babsteve01 2 жыл бұрын

Thank you for this it was really helpful. I am actually confused in the following question if I am going to use 100 billion barrels as the quantity or not. please I would love it if you can explain. The Environmental Protection Agency has asked you to help evaluate a policy that would decrease the total amount of gas extracted and burned over the next 2 periods. The (made up) assumption is that in 2 decades, a clean-burning, cheap substitute will be developed and so oil demand will be zero after 2 decades. Therefore, you should think of oil use in a 2-period context (period 1 and period 2). Per periods demand for gas (in billions of barrels) is given by: Q(P)=100-5P Proven oil reserves, as of 2013 were 100 billion barrels (CIA World Factbook). Assume that marginal extraction costs are constant and equal to $70 per billion barrels. If the oil sector only thought about the first period, how much oil would it supply in period one? At what price? Would there be oil left for decade 2? What price would be charged in decade 2?

@puding140 10 ай бұрын

Excellent deduction, I just don't understand one thing. Why is the following logically true? The dynamically efficient allocation will satisfy the condition that the PV of the marginal net benefit from the last unit in P1 EQUALS the PV of the marginal net benefit from the last unit in P2.