Michael Moore | Economic Perspectives on Low Lake Levels
343 views · Published 17 June 2013 · 33:35 · Indexed 31 October 2026
Channel: Michigan Engineering · 2013 · Science & Technology
Economic Perspectives on Low Lake Levels: Costs, Benefits, Impacts, & Tradeoffs Michael Moore, Professor of Environmental Economics, School of Natural Resources & Environment (SNRE), University of Michigan : http://www.snre.umich.edu/ Prof. Moore will contrast economic frameworks for assessing low lake levels, describe challenges of estimating costs and benefits of low lake levels, discuss tradeoffs involved in managing lake levels, and present estimates of effects of low lake levels on economic outcomes in the recreation and tourism sector of Lake Michigan-Huron ---- About the Event: North America's Great Lakes hold the largest amount of available surface freshwater in the world, comprising approximately 21% of the world's total freshwater supply. This ample supply of water supports the very fabric of life in the region by providing clean drinking water and supporting commerce and recreational activities for more than 35 million people. The Great Lakes are a dynamic system, and this is reflected in the hydrological balance and associated water levels of the individual lakes. In the last several months, Great Lakes water levels have reached historical lows, impacting tourism, shipping, and recreational activities. Through this seminar we will discuss the causes of these low lake levels and the potential impacts to the region's economy.
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