'Marginal damage' presentation slideshows

Chapter 5: Externalities

Chapter 5: Externalities. IF Externalities Exist, THEN Social marginal cost ? private marginal cost, AND 1 st Fundamental Theorem of Welfare Economics Fails THEREFORE Government could intervene. Chapter 5: Externalities. What is an Externality? Graphical Analysis of Externalities

903 views • 68 slides

Chapter 5: Externalities

Chapter 5: Externalities. IF Externalities Exist, THEN Social marginal cost ? private marginal cost, AND 1 st Fundamental Theorem of Welfare Economics Fails THEREFORE Government could intervene. Chapter 5: Externalities. What is an Externality? Graphical Analysis of Externalities

721 views • 68 slides

Externalities: Contents

Externalities: Contents. Definition. Examples. PMC, MD, SMC, SMB Efficient vs competitive output with negative or positive externality. Deadweight loss . Computed example . Efficiency with imperfect competition . Monopoly with linear demand and constant marginal cost

727 views • 54 slides

Externalities: Contents

Externalities: Contents. Definition. Examples. PMC, MD, SMC, SMB Efficient vs competitive output with negative or positive externality. Deadweight loss . Computed example . Efficiency with imperfect competition . Monopoly with linear demand and constant marginal cost

653 views • 54 slides

Business in a Modern World

Business in a Modern World. Markets, Firms, and the Role of Governments Legal systems; externalities and public goods; social security and distribution; imperfect competition. Firms and Governments: The Case of Environmental Policy

737 views • 52 slides

Regulation under Certainty Chapter 6-8

Regulation under Certainty Chapter 6-8. M Rafiq. Property Rights. A PROPERTY RIGHT is a title to, or ownership of, a good or bad. It entitles the owner to: 1. Enjoy the bene?ts and costs of the good, and prevent others from doing so without compensation.

478 views • 39 slides

Economics of Pollution Control

Economics of Pollution Control. CH. 14 Part II. Market Allocation of Pollution. When firms create products, rarely does the process of converting raw material into outputs use 100 percent of the mass. Some of the mass, called a residual, is left over.

334 views • 17 slides

172 views • 17 slides