RES-ECON 162 Lecture Notes - Lecture 9: Particulates, Capital Market, Cumulative Distribution Function

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Particulate matter effects heavy in china right now. Visibility reduction (fine particles pm2. 5), environmental damage (wind carries pollutants into soil and water sources), aesthetic damage(staining stone and other materials, including cultural monuments) In ma, residential wood combustion is the leading cause of total emissions. Reducing tons of pollutants in the atmosphere became reducing the marginal damages from the atmosphere. When the rate of growth = interest rate. Letting the tree grow an inch more will not give you profit. As you increase discount rate, present values get smaller and smaller. Three reasons fo rdiscouting duture benefits and costs: capital market interest rates, personal time preferences- personal discount rates reflecting impatience, discounting for future risk. The difference between real and nominal interest rates. Were always trying to set higher discount rates so that the values are closer to our current time frame, so that we get it earlier. Who chooses the discount rates- so(cid:373)e go(cid:448)er(cid:374)(cid:373)e(cid:374)t i(cid:374)dustry.

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