2011: Externalities and Solutions (by Joyce and Vicky)

Externalities and Solutions Joyce Jih Vicky Liu [1 st hour]

What is an externality? ,[object Object],[object Object],[object Object],[object Object]

Negative Externality ,[object Object],[object Object],[object Object],[object Object],[object Object]

Positive Externalities [a beneficial impact on the well-being of a bystander who doesn’t pay or receive any compensation for that effect]

Analysis ,[object Object],[object Object],[object Object],[object Object]

Education ,[object Object],[object Object],[object Object],[object Object]

Restored Historic Buildings ,[object Object],[object Object],[object Object]

Technology Spillover ,[object Object],[object Object],[object Object]

Technology Spillover: Solutions ,[object Object],[object Object]

Private Solutions ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Coase Theorem ,[object Object],[object Object],[object Object],[object Object],[object Object]

Failure of Private Solutions ,[object Object],[object Object],[object Object],[object Object]

Government Policies ,[object Object],[object Object]

Pigovian Taxes ,[object Object],[object Object],[object Object],[object Object],[object Object]

Tradable Pollution Permits ,[object Object],[object Object],[object Object],[object Object]

Comparison between Pigovian Tax and Pollution Permits

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