Do the social benefits of monitoring exceed the costs

Reference no: EM131134599

Cost Sharing for Monitoring El Niño. Suppose the monitoring of El Niño s current costs a total of $12 billion per decade. Over a decade, early warning of the current s path would reduce its damages by $9 billion in the United States, $6 billion in Canada, and $3 billion in Mexico. (Related to Application 2 on page 648.)

a. Does any country, acting unilaterally, have an incentive to monitor El Niño?

b. Do the social benefits of monitoring exceed the costs?

c. Design a cost-sharing arrangement that will cause all three countries to support a monitoring system.

Reference no: EM131134599

Questions Cloud

A transfer function model to data from a gas furnace : Box, Jenkins, and Reinsel [1994] fit a transfer function model to data from a gas furnace. The input variable is the volume of methane entering the chamber in cubic feet per minute and the output is the concentration of carbon dioxide emitted. The..

Assume the basic eoq model with no shortages applies : Groundz Coffee Shop uses 4 pounds of a specialty tea weekly; each pound costs $16. Carrying costs are $0.25 per pound. It costs the firm $8 to prepare an order. Assume the basic EOQ model with no shortages applies. Assume 52 weeks per year. What is t..

Develop a policy argument or claim that is definitive : Develop a policy argument or claim that is definitive, designative, evaluative, and advocative, using one of these terms: (a) crime, (b) pollution, (c) terrorism, (d) quality of life, (e) global warming, (f) fiscal crisis, (g) human rights, and (h..

What was the total amount of dividends paid by each company : What was the total amount of dividends paid by each company in 2007?

Do the social benefits of monitoring exceed the costs : Does any country, acting unilaterally, have an incentive to monitor El Niño?

Identify key elements of the supply chain for dairy : Identify key elements of the supply chain for a dairy (do not need to draw a diagram). Why is supply chain management (SCM) so important? What are you managing? What are the key performance measures? What are some of the risk factors?

Answer the following question based on inductive analogy : Read the Inductive analogy pdf and answer the following question- In the civil service, people are spending other people's money.

How does this amount compare with dividends declared : What amount did PepsiCo declare in dividends on common stock in the year endedDecember 29, 2007?

Is the wifi system efficient : Suppose the town keeps track of the contributions and issues passwords to people who contributed at least $20. Would you expect the total contributions to cover the $20,000 cost? 30.

User Account

All Pages