Quantity Changes

1
Quantity Changes Welfare Scenario 1

• The Department of the Interior proposes to lower
  water levels at Lake Powell. For boaters, this
  means longer launches (a bad thing), and less
  lake to cruise around on.
• Direction of quantity change?
• Are boaters property rights with the status
  quo or the new scenario?
  
• Relevant Hicksian welfare measure?
• Interpretation in WTP / WAC terms
• Draw graph

2
Quantity Changes Welfare Scenario 2

• The Department of the Interior proposes to lower
  water levels at Lake Powell. For beach lovers,
  this means more beach area (a good thing).
  
• Direction of quantity change?
• Are beach lovers property rights with the
  status quo or the new scenario?
  
• Relevant Hicksian welfare measure?
• Interpretation in WTP / WAC terms
• Draw graph

3
Quantity Changes Welfare Scenario 3

• The Department of the Interior proposes to lower
  water levels at Lake Powell. For natives, this
  means a reduction in carrying capacity for game
  fish (a bad thing). Natives have established
  rights to current water levels.
• Direction of quantity change?
• Are natives property rights with the status
  quo or the new scenario?
  
• Relevant Hicksian welfare measure?
• Interpretation in WTP / WAC terms
• Draw graph

4
Quantity Changes Welfare Scenario 4

• The Forest Service proposes to ban Mountain
  Biking on certain segments of the Tahoe Rim
  Trail.Mountain Bikers are not happy
  
• Direction of quantity change?
• Are MBs property rights with the status quo or
  the new scenario?
  
• Relevant Hicksian welfare measure?
• Interpretation in WTP / WAC terms
• Draw graph

5
Quantity Changes Welfare Scenario 5

• The Forest Service proposes to ban Mountain
  Biking on certain segments of the Tahoe Rim
  Trail.Hikers love it
  
• Direction of quantity change?
• Are Hikers property rights with the status quo
  or the new scenario?
  
• Relevant Hicksian welfare measure?
• Interpretation in WTP / WAC terms
• Draw graph

6
Quantity Changes Welfare Scenario 6

• The Forest Service proposes to ban Mountain
  Biking on certain segments of the Tahoe Rim
  Trail, even though it has an existing contractual
  obligation to keep all trials open to mountain
  bikers.
• Direction of quantity change?
• Are MBs property rights with the status quo or
  the new scenario?
  
• Relevant Hicksian welfare measure?
• Interpretation in WTP / WAC terms
• Draw graph