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Full-Text Articles in Social and Behavioral Sciences
Regulation Of Externalities, Ted C. Bergstrom
Regulation Of Externalities, Ted C. Bergstrom
Ted C Bergstrom
This paper presents a general equilibrium model with marketable pollution permits. It shows that competitive equilibrium with marketable permits is "conditionally optimal" in the sense that no Pareto improvement can be achieved without changing pollution standards. The paper also explores mechanisms for choosing efficient aggregate pollution levels.
The Use Of Markets To Control Pollution, Ted C. Bergstrom
The Use Of Markets To Control Pollution, Ted C. Bergstrom
Ted C Bergstrom
No abstract provided.