Keyword: pollution

Coasian Bargaining & Property Rights (10/5/2017)

Efficient assignment of property rights could achieve efficient adverse impact without negotiation cost and Coasian bargaining.

Keywords: adverse impact, Coase, Coasian bargaining, externality, negotiation cost, pollution, property right

Green Tax (8/30/2001)

Taxing nonrenewable resources instead of labor income would create more jobs and encourage conservation while reducing pollution.

Keywords: carbon tax, climate change, eco-tax, energy-efficient technologies, environment, global warming, green taxes, greenhouse gas emissions, income taxes, labor income, natural resources, negative externality, pollution, tax revenues, tax shift

Market Intervention and Regulation (7/7/2006)

Market regulation may be justified under some circumstances to increase economic efficiency.

Keywords: antitrust, asymmetric information, commons goods, cost effectiveness, intervention, lemons, market, pollution, prescription drugs, public goods, Regulation

Maximization and Optimization at the Margin (7/7/2006)

Optimizing at the margin can bring about static economic efficiency.

Keywords: average benefit, entry, margin, marginal benefit, marginal cost, marginal revenue, Maximization, MB, MC, MR, optimization, pollution, profit, single pricing, tragedy of the commons

The Right to Pollute? (10/20/1999)

Pollution credits convert the atmosphere from a commons into private property. They can reduce pollution if the pollution cap is lower than the unrestricted total and lower the costs of reducing pollution if credits can be sold from low-cost avoiders and high-cost avoiders.

Keywords: allowances, Clean Air Act, commons, emissions, Environmental Protection Agency, EPA, greenhouse gases, nitrogen oxide, pollution, pollution credits, private property, quotas, sulfur dioxide, trading, utilities.