ECONOMICSANDTHEENVIRONMENT.pptVIP

ECONOMICS AND THE ENVIRONMENT How much is clean air worth? Can you charge somebody for damaging your air? How much are you willing to pay for clean air? Should you have to pay for clean air? Have you ever caught a fish off the UST pier? Is cutting down the rainforests efficient? What market incentives are there for research on the environment? How can the environment be priced and sold? Does Hong Kong have any mechanisms for valuing its environment? Lecture Objectives: Review Advantages and Limitations of Market Economics Understand how economics is creating new principles and guidelines fo