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Three original microeconomic models of an externality market are described: (1) model of the marketable permits for exhalations emission, (2) model of optimal financial satisfaction of a damage caused by a negative externality in the economy with agents maximizing probability of their survival...
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This paper is focused on the theory of optimal taxation applied to environmental regulation. The first part summarizes …
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to distinct different marginal productivities of employees. We start from the fact of an information asymmetry on the … competing explanations of that fact, the human capital theory and the signaling theory. …
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