Thursday, March 08, 2012

Unit 1: Externalities arising from fracking

The highly debatable method of extracting natural gas known as fracking is heading to Ireland, according to Aljazeera

http://www.youtube.com/watch?v=wDM9HI7NTdw

a) What are the private costs and private benefits of such a scheme?
b) What are the positive and negative externalities of such a scheme?
c) What role does regulation have in this industry?

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