By Trevor Rhodes
The Definitive consultant for each Landlord even if you simply have an additional room to hire or a growing to be condo empire, you continue to want trustworthy details and professional recommendation to ensure you do it correct. Drawn from years of expertise supporting millions of landlords, American Landlord leads each person from the hot landlord to the outdated seasoned via the entire fine details of estate administration.
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Extra info for American Landlord: Everything U Need to Know about Property Management
If this effect is sufficiently large to offset the gain from the reduction in X, then welfare could actually decrease as a result of imposing the tax. 31 The above analysis suggests that the ability of a multipleinstrument approach to combat effectively the information problems inherent in non point source pollution hinges on both the nature of the single instruments that are considered and the nature of the interactions between pollution-related inputs. Thus, designing an effective policy package requires empirical information on these interactions.
12. As evident in Figure 2, different methods of estimating the cost function may produce different curvatures and different conclusions about the type of instrument that will minimize realized errors. Here we have another information problem--limited understanding of pollution abatement options leads to the potential for substantial specification error in the estimation of abatement costs. 13. While this difficulty seems especially pronounced for nonpoint source pollution, indirect instruments also are used for point source applications in some instances when the costs of emissions monitoring would be prohibitive.
Examples come from our own work: Miltz et ai, (1988) compared the costs of reducing sedimentation via erosion tdXes, erosion standards, and a spatially optimal plan. Segerson (1988) analyzed a tax on surface water ambient pollution due to agricultural emissions, and Segerson (1990b) considered liability remedies for ground water pollution by agricultural chemicals. 2. Agricultural non point sources pollution exclude effluents from livestock confinement areas or spills at chemical storage sites; these are generally regarded as point source problems and are regulated accordingly.
American Landlord: Everything U Need to Know about Property Management by Trevor Rhodes