7 - Adjust tonnage to reflect damages by outing prices on...

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26/01/2010 20:15:00 Concentration of people determines MC and TC MD differs across America: costs more in urban cities than rural Cost-effective solutions are NOT = efficient solutions Problem: Abatement is based on tonnage, not actual damages Tax per unit won’t work; have to be location specific to reflect MD
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Unformatted text preview: Adjust tonnage to reflect damages by outing prices on tons by location TR=Ei/Ej = MDj/MDi => EjMDj=EiMDi Utilities burning coal should be charged for air pollution Countries w/ coal deposits burn too much of it 26/01/2010 20:15:00 26/01/2010 20:15:00...
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This note was uploaded on 01/26/2010 for the course ECON 330 taught by Professor Robertmendelsohn during the Fall '08 term at Yale.

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7 - Adjust tonnage to reflect damages by outing prices on...

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