ESP Final

Question 1

Efficiency vs. cost-effectiveness (CE)

Question 2

Reserve site selection (RSS)

Question 3

Algorithms for RSS (greedy, hotspots, CE)

Question 4

Fairness/equity/distribution

Question 5

Transactions costs

Question 6

Cobra effect

Question 7

G.U.M.P. (W/respect to greenhouse gases)

Question 8

Social Cost of Carbon

Question 9

Command and Control Policy Standards

Question 10

Technology vs. performance standards

Question 11

Uniform vs. non-uniform standards

Question 12

Market-based instruments

Question 13

Pigovian tax

Question 14

Cap and trade, transferable discharge permit

Question 15

Carbon offset

Answer 15

Tradable credit for reducing carbon emissions by some amount generated outside a regulated system, recognized within a regulated system as a substitute for holding and using emissions permit.

Question 16

Sources of value from biodiversity (ex)

Question 17

Policy tools for conservation (ex)

Question 18

Conservation/mitigation banking

Question 19

Conservation of Central Valley birds with payments for ecosystem services (PES) & reverse auctions

Question 20

Sale of legal ivory stockpiles

Question 21

Coase Theorem & Coasran negotiation/bargaining

Question 22

Property rights

Question 23

Liability law

Question 24

Strict liability

Question 25

Channeling of liability

Question 26

Liability limits