Unformatted text preview: The Problem: Self-interested individuals ignore 'third-party' effects It is cheaper to pollute. We all suffer. Pollution is causing global warming. Goodbye, Venice. Global temperatures are rising. And they will go up more. So long, New York. Farewell, polar bears. No more skiing. I hope we will still have puppies. .. And kittens. The issue of the age: Why don't we act on climate change? – We discount the future? – We discount the danger? – We want to free ride while someone else fixes things? – Victims 508.561.1472...
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This note was uploaded on 04/04/2012 for the course ECON 103 taught by Professor Voorheis during the Fall '08 term at UMass (Amherst).
- Fall '08