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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