Exam2 - CompLab Flashcard

Exam2 - CompLab Flashcard - o Reg. land use (c-a-c) Permit...

Info iconThis preview shows pages 1–7. Sign up to view the full content.

View Full Document Right Arrow Icon
no one can charge polluters. Result: Too much pollution P d < P w P d > P w Direction of trade Export s Import s CS Falls Rises PS Rises Falls TS Rises Rises
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
le who benefit from national defense. Result: too little defense Private incentives outweigh social incentives (CR)
Background image of page 2
Tragedy due to an externality Ppl neglect external cost, so land is overused Policies to Prevent Overconsumption of CR: o Corrective Tax on Land (int. ext.)
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 4
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 6
Background image of page 7
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: o Reg. land use (c-a-c) Permit auction land for use o Privatize land: sell lots to individuals: Important Common Resources: o Clean air and water o Congested Roads o Fish, whales, and other wildlife o Spam Public goods overprovided ; CR over-consumed Problems b/c property rights are not well-established...
View Full Document

Page1 / 7

Exam2 - CompLab Flashcard - o Reg. land use (c-a-c) Permit...

This preview shows document pages 1 - 7. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online