Q468. Describe how to set up the following problem. There are many inefficient and dirty older cars still in use. Future generations are harmed by the wasted fuel and added pollution these cars represent. A proposal is in the works to pay people a bonus to trade them in. How should we think about this? In your preliminary thinking, ignore any economic stimulus effects. You can bring that in later if you wish.
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Difference Equations DE01 notation | DE02 text2eqns | DE03 pn+1 chart | DE04 excel | DE05 de-and-etc | DE06 caveats |
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Cost Benefit CBA01 basic-idea | CBA02 compute-nb-mb | CBA03 four-scenarios | CBA04 workflow | CBA05 concepts-terms | CBA06 caveats |
Discounting D01 basic-idea | D02cmpnd-int | D03 compute-NPV | D04 whence-DR | D05 curves | D06 concepts-terms | D07 caveats |
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