Valuing the Environment
Water & Water Pollution
Renewable Resources
Externalities and Economic Theory
Acts and Regulations
100
Use of market data to break down house sale prices into its attributes such as: house characteristics, neighborhood characteristics, environmental characteristics
Hedonics Property Value
100
The cost per unit of consumption changes depending on time of year
Seasonal Structure Rate
100
This image represents
Bycatch
100
When one entity has complete control over the sales of a good or service
Monopoly
100
A permit system that can be used to put a limit to the amount of total pollution
Tradeable
200
Use value+option value+nonuse value=
Total Willingness to Pay
200
A readily identifiable pollution emission point such as an outfall or discharge pipe
Point Source
200
Resource use by previous generations should not exceed a level that would prevent future generations from achieving a level of well being
Hartwick Rule
200
A good that has rivalry in consumption and is excludable
Private Good
200
Put in place by the Obama administration designed to federally protect wetlands and small tributaries that flow in large water bodies
Clean Water Rule
300
Is a stated preference and indirect method with a set of options
Choice Experiments
300
In 2010, this state had the largest total water consumption
California
300
At this point consumption of the renewable resource occurs
Switch Point
300
When producers join together to hold back production in order to raise the price of a good
Cartel
300
An act originally instituted in 1948 and modified in 1972 that regulates the discharges of pollutants into waterways
The Clean Water Act
400
Computer program that maps environmental characteristics to enhance of hedonic property value models
GIS
400
This pollutant was responsible for the Minamata disease in Japan
Mercury
400
The maximum price anyone is willing to pay for a unit of a source
Choke Price
400
The use of resources to lobby to secure legislation that will be more profitable to those funding a special interest group
Rent Seeking
400
The international treaty made in 1987 that protects ozone depletion from continuing by phasing out the use of known harmful substances
Montreal Protocol
500
This technique transfers benefit estimates developed in one context to another context as a substitute for developing brand new estimates
Benefit Transfer
500
Use of this type of pricing structure for municipal water use has increased over the last two decades
Incline Structure
500
This renewable resource's flow is independent of humans
Solar Energy
500
When a company dumps hazardous waste in a river and effects the person fishing downstream
Externality
500
International agreement to control greenhouse gases that went into effect in February 2005
Kyoto Protocol