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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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with the accusation that central banks have been the basic culprits in the current crisis, because of their monopoly of the … issuing money. This argument fails to recognize that central banks do not have a monopoly in issuing money as the dominant …
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