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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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approaches to production theory. Although marginal analysis dominates economic literature, we argue that linear programming is an … equivalent theory with some advantages and, of course, some disadvantages in comparison to marginal analysis. Marginal analysis …
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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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