One of the novel aspects of the CBAM is the creation of utility-response curves. Consider the curve styles shown in Figure 12.2. What are the circumstances under which you can imagine each of those curves elicited from the stakeholders? What situations does each of these curves represent?
Determination of costs and benefits is fraught with uncertainty. What sources of uncertainty do you typically have to deal with and how would you go about characterizing, measuring, and minimizing them?