The rush to find Jade
Read the article China's new jade rush as prices soar and then answer the questions below. You can either read the article in the window below or you can follow the previous link to read the article in a separate window.
Identify two external costs and two external benefits that may result from the 'jade rush' taking place on the Kashgar River
Identify the factors that have caused the price of Hotan Jade to increase so dramatically.
Using diagrams, as appropriate, show the socially optimal level of jade output and price.
Evaluate possible policies that the Chinese authorities could adopt to minimise the external impact of prospecting for jade on the Kashgar River.