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1. Consider the case of a rival bad. 2. Would efficiency require that a Pigouvian fee be levied on the producer of the bad and

1. Consider the case of a rival bad.

2. Would efficiency require that a Pigouvian fee be levied on the producer of the bad and the receipts given to the consumers as compensation?

3. Does it matter if the bad is excludable or nonexcludable?

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1 Definition A goodbad is rival if one persons consumption of a unit of the goodbad diminishes the amount available for others to consume In other wor... blur-text-image

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