Transcript Environmental Economics and Policy (EEP)

Economics &
Environmental Policy
2010 Environmental Symposium
Brady J. Deaton
Food, Agricultural and Resource Economics
University of Guelph
Rules Influence Outcomes
Lets Play!
• Three students deciding on what to
serve their professor for breakfast:
– Eggs or Fruit or Pepsi.
• Student 1: Eggs>Fruit>Pepsi
• Student 2: Fruit>Pepsi>Eggs
• Student 3: Pepsi>Eggs>Fruit
Scenario A:
Vote first,
Eggs vs. Fruit, then
__ vs. Pepsi
Outcome_____
Scenario B:
Vote first,
Fruit vs. Pepsi, then
__ vs. Eggs
Outcome_____
Human Choice, Incentives,
Benefits & Costs, Externalities
Ontario’s Greenbelt
Study conducted with Dr. Richard Vyn,
University of Guelph Ridgetown Campus
Costello, C. ,S. D. Gains, and J. Lynham. 2008. “Can Catch
Shares Prevent Fisheries Collapse?” Science (321): pp:16781681.