Derive a formula for the second-best relative standard to regulate a polluting monopolist.
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Derive a formula for the second-best relative standard to regulate a polluting monopolist.
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This is quite a complex issue largely dependent on assumptions made about the monopolist the nature of the pollution and how we measure standards A re...View the full answer
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Related Book For
A Course In Environmental Economics
ISBN: 9781316866818
1st Edition
Authors: Daniel J Phaneuf, Till Requate
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