1. NORMATIVE AND POSITIVE
C H A P T E R 2
NORMATIVE AND POSITIVE
ECONOMIC ANALYSIS
ENVIRONMENTAL ECONOMICS – 2e
Charles D. Kolstad Copyright © 2011 by Oxford University Press, Inc.

2. FIGURE 2. 1 Value of activities versus climate
FIGURE 2.1 Value of activities versus climate. (Adapted from Mendelsohn et al., 1994.)
ENVIRONMENTAL ECONOMICS – 2e
Charles D. Kolstad Copyright © 2011 by Oxford University Press, Inc.

3. FIGURE 2. 2 Annual damages from average global temperature increase
FIGURE 2.2 Annual damages from average global temperature increase. (Source: Nordhaus, 2008.)
ENVIRONMENTAL ECONOMICS – 2e
Charles D. Kolstad Copyright © 2011 by Oxford University Press, Inc.

4. FIGURE 2. 3 Marginal cost of emissions abatement
FIGURE 2.3 Marginal cost of emissions abatement. (Source: Nordhaus, 2008.)10
ENVIRONMENTAL ECONOMICS – 2e
Charles D. Kolstad Copyright © 2011 by Oxford University Press, Inc.

5. FIGURE 2.4 Optimal emission control. (Source: Nordhaus, 2008.)
ENVIRONMENTAL ECONOMICS – 2e
Charles D. Kolstad Copyright © 2011 by Oxford University Press, Inc.