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Samenvatting heel environmental economics
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milicu economieTopic A
:
Introduction
Envizonmental economics s studies the economic impact on the
environment
.
sustainable development
17
goals on
D
D From hineal to circulas economic
D
O
A Biological
p circulas
economy a
butterfly diagran up technical
Lo RESOLUE Concept
p Envizonmental problems - pollution
climate
,
Nature Conservation biodiversity
ę
-
,
- scare resources
Local regional world
,
,
, Topic 2: Basic models
of envizonmental economics
rival n
-
pivate Common Souths
of goods
Jood fish
goods goods
Linema
Club Dublicgoods
non
Dijak
piral
goods
D
exclu non
dable excludable
First welfare theorem
Baring info externality and public good
:"
,
problems a competitive economy quarantees a
pareto optimal outcome
."
,
D ummm
roawaader
mC
.
well
- propectty rights
defined
o
xi
peefect competition
:
"mans
perfect injormation
No externalities
Demand
o
D
q loss
ID Dead
weight
O Imperfect information
Cpinf
buyer and selle
ormationdon the have same
't
Q macket failure
Crm inefficient distribution
of and in the free market
goods services
ID public interventions and
goveenment actions
.
,Approaches to enviconmental economics
Approach A Extunal effects
.
Co loss in
welface of the
a
gain one
party resulting from activity
of another
party positive nogative production consumption
.
,
,
,
External Losts
mmn
MWTpI marginal willingness to
pay
Bp mWTP mSC mpc marginal private losts
=
MPC
îamd
mSC
marginal social lost
=
-Pr
-
Lo =
MPC + MEC
Cextenal
)
!
Da
@
O
9* 9 m
welface loss
=
n
gnJ
ABCD negative effect producing
=
Allocatieve
A
efficientie
=
= social optimal decision
benefit consumee a
produces
positive economics what it is
:
Both dynamic
Nolmative economies what it should be
:
-
External
benefits Insralting Sotar
panets
MSB
malginal social
benefits
inwin
=
usp
mpCz MSC
??;Bnnngngn
Qc Taxt
private benefits
=
Qe social
benefits lont
=
B
T
o
o
Qc
Qe PX installation
9
=90
LD
s
external
berefits
, Nu wil je meee produceren can be vice subzidies
,
B = nelt
welface loss we are in the hee manrket
optimun but
,
,
want To be inthe socoil optimumo
d
external losts 9 buy less
A
91 2
:
external
benefits 9 9* buy more
:
u4
wol
Approach 2 to environmental economics :
Open Acces rsesources
~
common consumption
goods
too
high and production
is
.
,
-
Approach 5: public
goods
public goods reveal the thrue people
- no
of WTP be cause
B
,
,
Can be excluded
't
.
Ih Free
- Government policyts as solution
o
-riding
marginal
example clean air abatement cost
:
i supply side : MAC 2) demand side : MWTP
Dß MAC
PSTCSTEQ - max SWE
O optimum MAC MWTP
=
mWTp
oo
Da
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