Vatn, Arild; Bromley, Daniel - In: Environmental & Resource Economics 9 (1997) 2, pp. 135-151
We focus here on a set of conceptual problems related to the accepted theory of externalities. We are primarily …. The creation of emissions and the creation of externalities are further not held apart producing flows in the efficiency … market model and the annexed sphere of externalities. We conclude that the accepted policy prescriptions both assume and …