Pigouvian taxes - PowerPoint PPT Presentation

Ch. 4: The Role of Government

Ch. 4: The Role of Government. The Meaning and Purpose of Government. The Role of Government: Bit Part? Supporting Actor? Lead?. Government Solutions to Market Failure. Government Solutions to Market Failure: Property Rights. Government Solutions to Market Failure: Pigouvian Taxes.

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PRIVATE GOODS AND PUBLIC GOODS

PRIVATE GOODS AND PUBLIC GOODS. What’s the difference between installing a new bathroom in a house and building a municipal sewage system? What’s the difference between growing wheat and fishing in the open ocean? In each case there is a basic difference in the

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285 views • 8 slides

Externalities

Externalities. Environmental Economics Honors C.A.D. Objectives. Define and give examples describing the concept of an “externality” Describe how taxes can be used to discourage negative and encourage positive externalities. Review. What is environmental economics? Cost/benefit analysis

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221 views • 7 slides

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