ENVI 230 Lecture Notes - Lecture 1: Natural Environment, Nimby, Externality
25 Jan 2017
School
Department
Course
Professor
Document Summary
Envi policy: humanly-devised rules that govern a society"s use of natural and constructed resources. Rules-in-use vs rules-on-paper synonym for institution (not organization) Speed limit on paper is 65 in use it is 74. Modify behavior to produce a desired outcome. What society decides is the desired outcome. Alternative interests compete for their desired outcome to be defined as policy goal. Waste (contamination) environmental justice, economic redevelopment, hazardous wastes, human health. Natural resources energy, food, endangered species. Cape wind example one group wants to cut pollution, one group wants to keep aesthetic beauty of cape cod ocean front. Drilling/fracking in texas flames 100 ft away from playground. Things that people don"t where they live still has to go somewhere, which is usually poor areas. Transaction costs: the costs associated with conducting a transaction - not the price of the transaction itself. Search & information costs, bargaining costs, enforcement & monitoring costs.
