Posts Tagged ‘BP oil spill’

  • Decisions Have An Opportunity Cost That Require Tradeoffs

    A Conservation Dilemma

    Sep 21, 11 • 154 Views • Businesses, Economic Debates, Environment, Regulation, Thinking EconomicallyNo Comments

    Should the Dunes Sagebrush Lizard (aka the Sand Dune Lizard), a 3-inch striped reptile, be listed under the Endangered Species Act? Here is the problem. The home of the Sand Dune Lizard is also the home of the Permian Basin which, according to Forbes,

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    The Price System: Pelicans, Professors, and Murders

    Oct 26, 10 • 237 Views • Demand, Supply, and Markets, Environment, Thinking EconomicallyNo Comments

    Is a pelican worth $500? What is the value of a college professor? What does a murder cost us? Sometimes it’s tough to get a price. We know that BP owes money for wildlife lost on devastated wetlands. But how much? USA Today tells us that 2263