Conclusion_Case_Study_3

Conclusion_Case_Study_3 - Conclusion Then why should...

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Conclusion The sketch of the British lighthouse system and its evolution shows that: The deductions of Mill, Sidgwick and Pigou are not comprehensive, or simply say, wrong.
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Conclusion Sidwick and Pigou suggest that: If there are ships which benefit from the lighthouse but on which tolls cannot be levied, then government intervention may be called for. Example: Ships sailing across Britain but do not call at British ports. Problem: Unclear role that the government plays. 1. External governments compel their nationals to pay the toll even they do not call at British ports. 2. External governments pay a sum from general taxation. 3. British government raises the revenue out of general taxation.
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Unformatted text preview: Conclusion Then why should economists deduced a wrong conclusion? It's because these references have no concrete support! That is, no study supports their ideas. They quote lighthouse example is to provide 'corroborative detail, intended to give artistic verisimilitude to an otherwise bald and unconvicing narrative.' And the sketch of the British lighthouse system and its evolution just counter-argue the views of Economists. Conclusion What is our final conclusion? Lighthouse is not a perfect example for public good It can be provided by private individuals and collect light dues from customers...
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Conclusion_Case_Study_3 - Conclusion Then why should...

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