Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Business Economics Expert

Environmental ethics & economic incentives

In his book, What Price Incentives?, Steven Kelman suggests that from an ethical point of view, the use of economic incentives (such as emission charges or emissions trading) in environmental policy is undesirable. He argues that transforming our mental image of the environment from a sanctified preserve to a marketable commodity has detrimental effects not only on our use of the environment, but also on our attitude toward it. His point is that applying economic incentives to environmental policy weakens and cheapens our traditional values toward the environment.

a. Consider the effects of economic incentive systems on prices paid by the poor, on employment, and on the speed of compliance with pollution control laws as well as the Kelman arguments. Are economic incentive systems more or less ethically justifiable than the traditional regulatory approach?

b. Kelman seems to feel that because emission allowances automatically prevent environmental degradation, they are more ethically desirable than emission charges. Do you agree? Why or why not?

c. If we were to allow the private market to bring about an efficient outcome that society would deem desirable, do you think they would be able to effectively reflect the true market benefit and cost?

 

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M927415

Have any Question? 


Related Questions in Business Economics

Consider the following game player 1 chooses from 1 of 3

Consider the following game: player 1 chooses from 1 of 3 actions (say X, Y, Z) and player 2 follows by choosing from 1 of 2 actions (say J and K), having witnessed player 1’s choice. Finally, player 1 chooses from 1 of ...

Why does the government grant patents to companies that

Why does the government grant patents to companies that research new drugs?

Assume yoursquove just been assigned to a project to

Assume you’ve just been assigned to a project to determine the future demand for natural gas in a rapidly growing community where the population is expanding because of the influx of several large employers. The communit ...

Consider the arguments for restricting tradea imagine that

Consider the arguments for restricting trade. A. Imagine that you are a lobbyist for timber, an established industry suffering from low prices foreign competition, and you are trying to get Congress to pass trade restric ...

Approximately 46 million americans under age 65 are

Approximately 46 million Americans under age 65 are uninsured. About two-thirds of the uninsured are either employed (full- or part- time) or in a family with an employed member. Which groups favored and which groups opp ...

Mcgilla golf has decided to sell a new line of golf clubs

McGilla Golf has decided to sell a new line of golf clubs. The clubs will sell for $740 per set and have a variable cost of $340 per set. The company has spent $144,000 for a marketing study that determined the company w ...

Explain the benefits and drawbacks of using software

Explain the benefits and drawbacks of using software development tools provided by cloud vendors to develop cloud-based solutions for an organization.

On october 29 2014 lobo co began operations by purchasing

On October 29, 2014, Lobo Co. began operations by purchasing razors for resale. Lobo uses the perpetual inventory method. The razors have a 90-day warranty that requires the company to replace any nonworking razor. When ...

Given the following information calculate the over-target

Given the following information, calculate the over-target share ratio: Optimistic Cost Estimate: $800,000 Optimistic Profit: $200,000 Target Cost Estimate: $1,000,000 Target Profit: $150,000 Pessimistic Cost Estimate: $ ...

A monopolistrsquos inverse demand function is p 150 ndash

A monopolist’s inverse demand function is P = 150 – 3Q. The company produces output at two facilities; the marginal cost of producing at facility 1 is MC1(Q1) = 6Q1, and the marginal cost of producing at facility 2 is MC ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate