=+. The villagers hire you to tell them how to achieve an efficient use of the commons.

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=+. The villagers hire you to tell them how to achieve an efficient use of the commons. You tell them that there are three possibilities: a Pigouvian tax, the assignment of property rights over the commons, and a system of tradable licenses for the right to graze a cow. Explain how each one of these options would lead to an efficient use of the commons. In the assignment

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Economics

ISBN: 9781319066604

5th Edition

Authors: Robin Krugman, Paul Wells

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