Unformatted text preview: o Efficient emission for a given emission charge (the victim holds the right) o Gains from negotiation o Gains from defining property rights o Limitations of Coase Theorem- More on Pollution Control Policies o MAC and MDC o Efficient Pollution o Total Damage Cost/ Total Abatement Cost o Total Social Cost o Market Based Policies o Tax/Subsidy o The choice of emission for a given tax rate o Efficient tax o Tradable Permits (Cap and Trade) o The choice of emission for a given permit price o Efficient Permit price o Command and Control Policies (Technology standards, ambient standards, emissions standards. .)...
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- Spring '10
- Economics, Externality, Revealed preference, Coase Theorem and Property, Efficient emission reduction, Marginal Emission Benefit