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Environmental Regulation In The Presence Of Environmentally Conscious Consumers., Sangeeta Bansal Dr.

Doctoral Theses

The Problem and Literature Review There is a growing concern for the environmental degradation caused by various economic activities. Clean environment, once regarded as a free good, has now become a scarce resource due to cumulative accumulation of pollution over the years. Being a public good, it may not be possible to assign clear property rights to environment. Hence, even though it has become a scarce resource, economic agents continue to regard it as a free good and tend to ignore the harmful effects of their activities on the environment. This causes a distortion between the market and socially optimal …