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Class Notes for RES-ECON 162 at University of Massachusetts Amherst (UMASSA)

UMASS-AMHERSTRES-ECON 162Mammen SheilaSpring

RES-ECON 162 Lecture Notes - Lecture 23: Online Gambling, Treble Damages, Capitalism

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19 Apr 2016
13
Baseball and health insurance companies have been exempt and lower prices. Price fixing- setting a price for the market, completely illegal. Retail pri
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UMASS-AMHERSTRES-ECON 162Mammen SheilaSpring

RES-ECON 162 Lecture Notes - Lecture 17: Shampoo, Oligopsony, Family Dollar

OC9230813 Page
18 Apr 2016
12
Market: place where buying and selling transactions occur between consumers and sellers; or where forces representing demand and supply meet. Markets v
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UMASS-AMHERSTRES-ECON 162Laurence De GeesteSpring

RES-ECON 162 Lecture Notes - Lecture 12: There Are Known Knowns, Utility, Environmental Policy

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25 Mar 2017
0
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UMASS-AMHERSTRES-ECON 162Laurence De GeesteSpring

RES-ECON 162 Lecture 15: Res econ 262- 4:20:17

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3 May 2017
0
Two firms can have different aggregate demand permits. Aggregate demand for permits is the horizontal summation of their individual demands (their marg
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UMASS-AMHERSTRES-ECON 162Laurence De GeesteSpring

RES-ECON 162 Lecture Notes - Lecture 8: Economic Impact Analysis, Environmental Impact Statement, Change Impact Analysis

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1 Mar 2017
0
Impact analysis- estimate the costs of various alternatives for reaching an environmental quality goal. Cost-effectiveness analyses- estimate the costs
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UMASS-AMHERSTRES-ECON 162Laurence De GeesteSpring

RES-ECON 162 Lecture Notes - Lecture 7: Environmental Policy, Statistical Hypothesis Testing, Market Failure

OC7661513 Page
18 Feb 2017
0
Everything up to today is fair game for exam 1. 6-8 pm thompson 102 exam 1 will be heavy on concept set theory- optimum is a fixed point. Something is
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UMASS-AMHERSTRES-ECON 162Laurence De GeesteSpring

RES-ECON 162 Lecture Notes - Lecture 13: Moodle, Tech 3

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14 Apr 2017
0
Intro- the switch from command and control policy to incentive-based policy. An emission tax is the easiest form of the incentive-based policy. When yo
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UMASS-AMHERSTRES-ECON 162Laurence De GeesteSpring

RES-ECON 162 Lecture Notes - Lecture 14: Standard Tuning, The American Economic Review, Environmental Law

OC7661513 Page
14 Apr 2017
0
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UMASS-AMHERSTRES-ECON 162Laurence De GeesteSpring

RES-ECON 162 Lecture Notes - Lecture 12: Prefrontal Cortex, Emission Standard, Marginal Cost

OC7661513 Page
14 Apr 2017
0
Low levels of crime are followed by high levels of crime. Lead exposure and brain damage- in the early 90s, we predicted lead exposure caused brain dam
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UMASS-AMHERSTRES-ECON 162Laurence De GeesteSpring

RES-ECON 162 Lecture Notes - Lecture 18: Revealed Preference, Natural Experiment, Contingent Valuation

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3 May 2017
0
Hopefully fixes key problem from failed kyoto (1998) accords and copenhagen (2009) meetings: no credible penalty for non-membership. January 2015: cali
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UMASS-AMHERSTRES-ECON 162Laurence De GeesteSpring

RES-ECON 162 Lecture Notes - Lecture 16: Sulfur Dioxide, Decision Rule

OC7661512 Page
3 May 2017
0
Lower than expected permit prices imply low incentives to reduce emissions. It makes it easier for firms to just buy more permits if they are cheap and
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UMASS-AMHERSTRES-ECON 162Laurence De GeesteSpring

RES-ECON 162 Lecture Notes - Lecture 11: Clean Power Plan, Moodle, Cost

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30 Mar 2017
0
Res econ - 3/30/17 emissions standards and incentives for innovation: instead of setting a policy that targets the efficient level e*, a tighter standa
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