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Double Dividend © P. Berck 2008. Sources Goulder, Parry, Burtraw. Rand 1997 Fullerton. AER 1997 Fullerton and Metcalf. NBER wp 6199 1997.
Tort law Can be seen as a Pigouvian Tax –I take an action that imposes costs on you –You sue –I make good the damage –So the externality is internalized.
C. Government Role – Market Failure IF A market is a perfectly competitive (in buyers and sellers)THEN The market maximizes efficiencyTHEREFORE The government.
MODERN PRINCIPLES OF ECONOMICS Third Edition Externalities: When the Price Is Not Right Chapter 10.
EXTERNALITIES
Countervailing Monetary Power Emerging Markets and the Re-Regulation of Cross-border Finance
Economic Solutions to Environmental Problems: The Market Approach
Externalities and the Environment. What is an Externality? When a person/firm does something that affects the interests of another person or firm without.
Parry laxmin west 2006 fiscalandexternrationalsforalcrtax 6
