What does Government do?•Tax•Provide public goods•Provide 3rdparty information (certification, verify quality)•Regulate
Regulation of Polluters•“The Basic problem of environmental regulation involves the government trying to induce a polluter to take socially desirable actions, which ostensibly are not in the best interest of the polluter. But the government may not always be able to precisely control the polluter. To further complicate matters, the government faces a complex problem of determining exactly what level of pollution is best for society. In reality, the government faces pressures from consumers and polluters.” (Charlie Kolstad UCSB)
has intentionally blurred sections.
Sign up to view the full version.