In the chapter and in Appendix 4.3 we considered the two-person consumption-toconsumption externality. As invited in the

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In the chapter and in Appendix 4.3 we considered the two-person consumption-toconsumption externality. As invited in the Appendix, show that an efficient outcome could be realised if a planner required the sufferer to bribe the generator at the appropriate rate, and work out what that rate is.

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Natural Resource And Environmental Economics

ISBN: 9780321417534

4th Edition

Authors: Roger Perman, Yue Ma, Michael Common, David Maddison, James McGilvray

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