1. Consider the case of a rival bad. 2. Would efficiency require that a Pigouvian fee be...
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Question:
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?
Related Book For
Microeconomics An Intuitive Approach with Calculus
ISBN: 978-0538453257
1st edition
Authors: Thomas Nechyba
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