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What is the expected heatwave premium for a risk‐neutral investor if the probability of a severe heatwave in a year is 3%?

The equimarginal principle states that in order to get the greatest reductions in _______ emissions for a given _________ abatement cost, all firms should emit at a point that offers the same marginal abatement cost for each firm.

Without warm glow (no term), would increase or decrease?

If 1% heatwave exposure raises yield by 0.20%, what is the change in yield, (

In the two firm environment described above,  after trading, firm 2 will 

Under the tax you found in the previous question, firm abates how much?

If the heatwave probability rises to 5%, what is the new expected premium for a risk‐neutral investor?

________ suggest(s) that in the presence of an externality bargaining can achieve the socially efficient equilibrium regardless of the initial allocation of property rights.

What is the level of labor supply from the consumer under the free market equilibrium?