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reviews some of the literature and economic theory related to externalities, and focuses on two particular economist … situations where choices are incompatible, (often referred to as externalities) and proposing solutions. This presentation …
Persistent link: https://www.econbiz.de/10009466946
Persistent link: https://www.econbiz.de/10009635818
Trading schemes for emission allowances have become a panacea for nations aspiring toreduce their aggregate emissions of greenhouse gases from industry in a cost-effectivemanner. The contention of this paper is that an emissions trading scheme (ETS) shouldnot be based on blanket coverage of...
Persistent link: https://www.econbiz.de/10009443299
Frequent criticism in dynamic decision making research pertains to the overly complex nature of the decision tasks used in experimentation. To address such concerns we study dynamic decision making with respect to the simple race game Hog, which has a computable optimal decision strategy. In the...
Persistent link: https://www.econbiz.de/10009458721
This honors thesis will examine current and theoretical "cap and trade" emissions trading schemes in an attempt to make recommendations on how to improve this regulated commodity market. The various control mechanisms available to regulators will be discussed: including allocation methodology,...
Persistent link: https://www.econbiz.de/10009429979
externalities and the method of Life Cycle Analysis (LCA) make part of this device. From its application the adoption of measures …
Persistent link: https://www.econbiz.de/10009442794
We develop a dynamic model of livestock disease and decentralized economic behavior as a jointly-determined system. By accounting for feedbacks between behavioral choices and disease outcomes we capture the endogenous nature of infection risks. We consider government mandated testing of...
Persistent link: https://www.econbiz.de/10009444700
We explore in this paper the consequences of status seeking preferences among agentscontracting with a private principal in the context of production. We examine in particular the case of envy and we show that in general envy entails augmented distortions due to asymmetric information in optimal...
Persistent link: https://www.econbiz.de/10009444735
Conceptual development in the theory ofexternalities have opened up several policy options for their internalization … including payment towards environmental services. Hence as externalities are socialcosts, accountability is crucial in … a modest attempt has been made to estimate externalities in water, forests and environment with field data from …
Persistent link: https://www.econbiz.de/10009445647
significance of these responses to congestion externalities, and argue that they need to be taken into account in designing … internalization instruments. We consider labor-leisure, regional labor mobility and house price responses to congestion externalities … consequences of internalizing externalities. If adaptation is present, externalities will be partially internalized, the gains from …
Persistent link: https://www.econbiz.de/10009447218