In the offset trading of carbon, which of the following activities would qualify as offsets?

With permit trading in the environment described in the previous question with two firms, the equilibrium price will be:

The “additionality” of an offset refers to

Permit trading equalizes:

Imposing

Three firms emit pollutants and can abate at private quadratic cost.  A regulator wants to cut total emissions by 60\% of the sum of their baselines, and considers three instruments: a uniform standard, a per‐unit tax, and tradable permits.  This exercise compares the cost and allocation properties of each approach. The total cap is 40% of

Suppose consumer increases their contribution  by one unit.  Which of the following terms in their utility function

What is the expected heatwave premium for a risk‐neutral investor if the probability of a severe heatwave in a year is 3%?

The consumer’s indirect utility is generally:

The difference in the planner’s FOC and the consumer’s FOC can be explained by: