question archive In recent years the Environmental Protection Agency (following Coase) has experimented in markets for pollution rights
In recent years the Environmental Protection Agency (following Coase) has experimented in markets for pollution rights
Subject:EconomicsPrice: Bought3
In recent years the Environmental Protection Agency (following Coase) has experimented in markets for pollution rights. Suppose that it allows each of the firms in Hootville to pollute 500,000 liters. These property rights may be sold. What do you think will happen?
