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What is the relationship between a good's elasticity and the consumption tax that should be imposed on it? Is the Coase theorem useful in practice?
- What is the relationship between a good's elasticity and the consumption tax that should be imposed on it?
- Is the Coase theorem useful in practice? Explain.
- Between vertical and horizontal equity, which is more important in establishing equity and/or fairness? Explain.
- What are the political implications of the First and Second Welfare Theorems?
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Managerial Economics and Organizational Architecture
Authors: James Brickley, Jerold Zimmerman, Clifford W. Smith Jr
5th edition
73375829, 978-0073375823
