Welfare Effect of Environmental Quota

Requires a Wolfram Notebook System

Interact on desktop, mobile and cloud with the free Wolfram CDF Player or other Wolfram Language products.

Requires a Wolfram Notebook System

Edit on desktop, mobile and cloud with any Wolfram Language product.

This Demonstration displays the welfare loss associated with a binding or nonbinding quota due to negative environmental externalities resulting from production of a good. You can vary the level of environmental damage associated with production. The model differentiates between the deadweight loss resulting from overproduction and that resulting from reduced market activity as a result of the quota.

Contributed by: Amir Ahmadi (April 2013)
With additional contributions by: Tanner McCarty and Xin Zhao
After instruction and guidance by: Dr. Juan P. Sesmero
Open content licensed under CC BY-NC-SA


Snapshots


Details

detailSectionParagraph


Feedback (field required)
Email (field required) Name
Occupation Organization
Note: Your message & contact information may be shared with the author of any specific Demonstration for which you give feedback.
Send