Estimates the present value of benefits of proposed policy
Econometrics
For this week’s writing assignment, suppose that the state of Pennsylvania is proposing and environmental policy plan aimed at reducing smog in its urban centers, particularly Pittsburg and Philadelphia.
Research and suggest a couple of potential (hypothetical or real) policies that could be part of such a proposal to reduce smog.
Expand briefly on how these could be implemented and what the long-term sustainability benefits are.
In your second part of the essay, assume an economist estimates the present value of benefits (PVB) of the proposed policy to be $ 4.2 billion and the present value of costs (PVC) to be $ 5.6 billion. Is this proposal feasible? Explain briefly
