Showing posts with label Externalities. Show all posts
Showing posts with label Externalities. Show all posts
Wednesday, September 15, 2010
Monday, July 26, 2010
Making the Case for Cap-and-Trade - Business - The Atlantic
Making the Case for Cap-and-Trade - Business - The Atlantic
As the latest attempt to pass an energy bill goes up in smoke, there is one thing for certain, a lot of ignorance surrounds this issue. Click on the link above to get an understandable description of the cap and trade system. Every economist worth his salt would tell you that the answer to global warming has to be disincentives to produce the causes of global warming. A pigouvian tax, for instance, increases the private cost of the action to equate or surpass the social cost. The cost of polluting is currently not a deterrant.
As the latest attempt to pass an energy bill goes up in smoke, there is one thing for certain, a lot of ignorance surrounds this issue. Click on the link above to get an understandable description of the cap and trade system. Every economist worth his salt would tell you that the answer to global warming has to be disincentives to produce the causes of global warming. A pigouvian tax, for instance, increases the private cost of the action to equate or surpass the social cost. The cost of polluting is currently not a deterrant.
Sunday, July 25, 2010
Flatulence Tax
Aplia Econ Blog: News for Economics Students: Bovine Intervention
In an extreme case of externalities, farmers in Europe are levied a tax on their cows because of the methane released when the bovine...uh, you know...fart. Cows are considered significant contributors to the greenhouse gases that impact our atmosphere, but this pigovian maneuver has farmers steamed.
Subscribe to:
Posts (Atom)
