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