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Persistent link: https://www.econbiz.de/10005417270
This paper examines the controversy between the traditional Pigovia n analysis of social cost and the more recent property-rights approach. It is demonstrated that, while the Pigovian approach assigns no a priori rights or liabilities, the imposition of a Pigovian tax results in the assignment...
Persistent link: https://www.econbiz.de/10005641712
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