Slide 1Can Markets Set Caps for Cap-and-trade Pollution Permits? Ted Bergstrom Economics Department University of California Santa Barbara Slide 2 Alternate Title: Arrow,…

Slide 1 1 Topic 3.c: Transferable emission permits We will start analyzing the last policy we will look at for pollution control. –Tradable/transferable emission permits…

Ecosystem Valuation ES 100: November 17th, 2006 âWe have estimated the current economic value of 17 ecosystem services for 16 biomes, based on published studies and a few…

In this chapter you will learn to 1. Describe how an externality can be internalized, and how this can lead to allocative efficiency. 4. Describe and evaluate some of the…

People debate how âbigâ government should be . . . . . . but everyone recognizes some legitimate role for government. (Public policies to correct market failure (provision…