CHAPTER 4: SOLUTIONS TO ENVIRONMENTAL PROBLEMS THE COMMAND-AND-CONTROL APPROACH & MARKET APPROACH Conventional Solution: Command-and-Control (CAC) • Assessing Cost-Effectiveness…

6 Supply, Demand, and Government Policies PRINCIPLES OF MICROECONOMICS FOURTH EDITION N. G R E G O R Y M A N K I W PowerPoint® Slides by Ron Cronovich © 2007 Thomson South-Western,…

In This Lecture….. Demand Absolute Price and Relative Price Supply The Market In This Lecture….. Consumers’ Surplus, Producers’ Surplus, and Total Surplus Price Ceilings…

Slide 1How, and Whether, to Define a Market (in Mergers) Joseph Farrell Based on work with Carl Shapiro Slide 2 Merger Review Flood of cases Need for transparent, manageable…

Slide 1 Slide 2 Governments & marketsslide 1 Price Ceilings, Price Floors, and Excise Taxes Slide 3 Governments & marketsslide 2 Price ceiling: A price above which…

Slide 11 Efficiency and Exchange Slide 2 2 The Domain of Markets Free markets promote efficiency But, markets cannot be expected to solve every problem (e.g., market economies…

Slide 1Trade Policies Tariffs and Quotas Slide 2 Tariffs Tariff: A tax on import Specific tariff: a per unit tax on imports Ad valolrem tariff: a value based tax on imports…

Slide 1Argument For and Against Protectionism Dedicated to Pat Buchanan, an interesting modern proponent of protection. Slide 2 PROTECTIONISM Protecting domestic industries…

Slide 1© 2010 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed…

Slide 11 Conventional Wisdom versus The Data October 29, 2011 copies of this presentation can be found at www.antonydavies.org Slide 2 The Game Select what price to charge.…