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Delves into environmental regulation mechanisms like quantity caps, consumption caps, and taxes, emphasizing the importance of aligning private costs with social costs for optimal outcomes.
Explores the equilibrium in competitive markets, the impact of non-competitive forces, and the role of government intervention in aligning markets with social welfare.
Explores internalizing external costs through taxes and subsidies, market equilibrium effects, and the role of information campaigns in influencing consumer behavior.
Examines the interplay between market dynamics and social welfare, highlighting the roles of willingness to pay and willingness to accept in economic models.
Explores regulating market externalities through taxes, subsidies, and tradable quotas to achieve optimal production levels and internalize external costs.
