Chapter 17 Externalities: The Free Market-Interventionist Battle Continues.

Chapter 17

Externalities: The Free Market-Interventionist

Battle Continues

Figure 17.1 Dolan’s Water-Paper Society

Figure 17.2 Pigouvian Taxes

Figure 17.3 The Effect of an Environmental Charge on a Single Firm

Figure 17.4 The Effects of an Environmental Charge on Two Firms

Figure 17.5 A Market for Pollution Permits

Figure 17.6 Plott’s Laboratory Model of a Market with an Externality

Figure 17.7(a) The Results of Plott’s Experiment to Investigate the Behavior of a Market with an Externality

Figure 17.7(b) The Results of Plott’s Experiment to Investigate the Behavior of a Market with an Externality

Figure 17.8 The Results of Plott’s Experiments to Evaluate the Interventionist Solutions to an Externality: The Pigouvian Tax

Figure 17.9 The Results of Plott’s Experiments to Evaluate the Interventionist Solutions to an Externality: Permits

Figure 17.10 The Results of Plott’s Experiments to Evaluate the Interventionist Solutions to an Externality: Standards

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