ENCS473 Study Guide - Midterm Guide: Environmental Policy, Environmental Ethics, Encs

• School: University of Alberta
• Department: Environmental and Conservation Sciences
• Course: ENCS473
• Professor: Brent Swallow

Document Summary

Institutional agenda: items that receive the powerful attention of decision makers, not always easily identified or agreed upon. The political economy of environmental regulation: towards a unifying framework. Section 3: two opposing views on environmental policy industry impact of environmental policy on profits, environmentalists impact of policy on the environment, dominant instrument in environmental policy: standard, regulators must decide how standards will be applied. 4: this kind of matrix if just balancing two objectives between two different preferences over alternatives. Q be acceptable to both interest groups: maximize a i(m,q) + (1-a) e(m,q) where industry preferences function = i(m,q) environmentalist preferences = e(m,q) a: weighting parameter between 0 and 1. Industry market-oriented alternative (saves $: environmentalists standard-based approach (distrusts market alt. ) (1, 4) (3, 3) (2, 2) (4,1, this kind of matrix when the decision depends on the utility function. Increase in environmental standards is assumed not to decrease the attractiveness of using markets.