Table 1. Assumptions for the implementation of the different lake perspectives.

Egalitarian Hierarchist Individualist
Belief about lake Irreversible Hysteretic Reversible
Expected value b 0.3 0.8 1.5
Discount rate (delta) 0.99 0.96 0.9
Marginal utility of phosphorus in lake (beta 1) 0.9 0.8 0.7
Lag time implementation policy (years) 1 5 1