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Question

Cost Sharing for Monitoring El Niño. Suppose the monitoring of El Niño's current costs a total of $12 billion per decade. Over a decade, early warning of the current's path would reduce its damages by $9 billion in the United States, $6 billion in Canada, and $3 billion in Mexico. Part 2 a. Does any country, acting unilaterally, have an incentive to monitor El Niño? Part 3 A. Yes. Each country experiences damages. B. Yes. The damage to one country would hurt commerce in other countries. C. No. No one country experiences damages more than the cost of monitoring. D. No. No country can prevent others from using the information. Part 4 b. Do the social benefits of monitoring exceed the costs? Part 5 A. Yes, since the sum of the damages is greater than the monitoring costs. B. Yes, since the United States would have the most damages. C. No, since the United States would have the most damages. D. No, since one country experiences damages equal to the cost of monitoring.

          Cost Sharing for Monitoring El Niño. Suppose the monitoring of El Niño's current costs a total of $12 billion per decade. Over a decade, early warning of the current's path would reduce its damages by $9 billion in the United States, $6 billion in Canada, and $3 billion in Mexico.

Part 2
a. Does any country, acting unilaterally, have an incentive to monitor El Niño?

Part 3
A. Yes. Each country experiences damages.
B. Yes. The damage to one country would hurt commerce in other countries.
C. No. No one country experiences damages more than the cost of monitoring.
D. No. No country can prevent others from using the information.

Part 4
b. Do the social benefits of monitoring exceed the costs?

Part 5
A. Yes, since the sum of the damages is greater than the monitoring costs.
B. Yes, since the United States would have the most damages.
C. No, since the United States would have the most damages.
D. No, since one country experiences damages equal to the cost of monitoring.

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