'Pollution rights' presentation slideshows

Government and Market Failure

28. Government and Market Failure. Chapter Objectives. How Public Goods are Distinguished from Private Goods The Method of Determining the Optimal Quantity of a Public Good The Basics of Cost-Benefit Analysis About Externalities (Spillover Costs and Benefits) and the Methods to Remedy Them

539 views • 39 slides

Principles of Micro

Principles of Micro by Tanya Molodtsova, Fall 2005 Chapter 10: Externalities We Will Learn: what an externality is why externalities can make market outcomes inefficient. how people can sometimes solve the problem of externalities on their own.

1.19k views • 30 slides

Environmental Economics

Environmental Economics. Environmental Economics. Environmental economics air pollution, water quality, toxic substances, solid waste, and global warming (flows) Natural resource economics natural assets valued for their productive capacity (usually resource stock).

635 views • 20 slides

Public Finance ( MPA405 )

403 views • 16 slides

Emissions Trading

Emissions Trading. The Economics of Emissions Trading The Market for Sulfur Dioxide Emissions. Introduction. Assignment of property rights and creation of a market for pollution contributes to achieve two results: Efficient total amount of pollution is produced.

164 views • 16 slides

COASE THEOREM:

COASE THEOREM:. 'the proposition that if parties can bargain without cost over the allocation of resources, they can solve the problem of externalities on their own' (Mankiw, p. 210)

609 views • 13 slides

Topic 3 Objectives

Topic 3 Objectives. Concept of externality Externalities- cost or benefits of market transactions not reflected in prices Explains why market fails to achieve efficiency when externalities exists

222 views • 12 slides