PP&D 132 Lecture Notes - Lecture 1: Space Debris, Market Failure, Natural Capital

• School: UC-Irvine
• Department: Planning, Policy, and Design
• Course: PP&D 132
• Professor: Richard Matthew

Document Summary

4/3 applied sustainability: focus on optimizing value at intersection of market failure in economics, externalities - cost/benefit from economic transaction that"s borne/received by parties not directly involved. Negative: external costs imposed on others orbiting space debris. Satellites are space trash space travel = obstacle course applied sustainability - balancing act, optimizing value ; push/pull of regulation vs. innovation. Regulating market, making players do things optimizing value is science + art. Visible light - things we can see, easy to understand things you can"t see is like art - health, productivity, satisfaction (qualitative); price premiums, absorption premiums (quantitative) adoption/innovation curve - innovators, early adopters, early majority, late majority, laggards.