ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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can you show the answers through a graph with two heterogeneous firms. 

 

4. A classic way of introducing pollution regulation into an urban area is the "rollback" method. First you determine the maximum tolerable level of a particular pollutant, x Next you find the maximum current concentration of that pollutant in the urban area, x. Presumably x > x, (otherwise, there is no problem). Regulations then require all polluters in the city to reduce emissions from their current level of e to e = e (x /x_). Explain how this would work to bring pollution levels down to an acceptable point. What might be the efficiency problems with such an approach?
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Transcribed Image Text:4. A classic way of introducing pollution regulation into an urban area is the "rollback" method. First you determine the maximum tolerable level of a particular pollutant, x Next you find the maximum current concentration of that pollutant in the urban area, x. Presumably x > x, (otherwise, there is no problem). Regulations then require all polluters in the city to reduce emissions from their current level of e to e = e (x /x_). Explain how this would work to bring pollution levels down to an acceptable point. What might be the efficiency problems with such an approach?
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