THE USE OF STANDARDS AND PRICES

 

Read the following article:
The Use of Standards and Prices for Protection of the
Environment, by William J. Baumol and Wallace E. Oates Source: The Swedish Journal of Economics, Vol. 73, No. 1, Environmental Economics, (Mar.,1971), pp. 42-54
Write a 3 to 4 page summary of the article (single spaced, 12 point font, with page numbering)
A title page does not count towards page total.
Be sure to identify the nature of the problem raised in the paper. How does this paper build or modify the theoretical models and framework developed in the lectures? Are there real world policy implications from this paper?

http://www.sfu.ca/~wainwrig/Econ400/documents/Baumol-Oates-SwedishEconJnl71.pdf

 

Sample Solution

Section I: INTRODUCTION TO THE STUDY Introduction The country is encountering a basic deficiency of medical care suppliers, a lack that is supposed to increment in the following five years, similarly as the biggest populace in our country’s set of experiences arrives at the age when expanded clinical consideration is vital (Pike, 2002). Staffing of emergency clinics, facilities, and nursing homes is more basic than any time in recent memory as the huge quantities of ‘gen X-ers’ start to understand the requirement for more continuous clinical mediation and long haul care. Interest in turning into a medical caretaker has disappeared lately, likely because of the historical backdrop of the extraordinary and requesting instructive cycle, low compensation, firm and extended periods of time, and fast ‘wear out’ of those rehearsing in the calling (Wharrad, 2003). A complex oversaw care climate in this country is restricting the dollars accessible to be spent on nursing care. Numerous wellbeing callings, particularly

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