Micro Economics For Today
Micro Economics For Today
10th Edition
ISBN: 9781337613064
Author: Tucker, Irvin B.
Publisher: Cengage,
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Chapter 14.2, Problem 2.4GE
To determine

The free-rider problem in combating climate change.

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The revenues from an emissions-charge approach to controlling climate change would be unusually large in comparison to other pollutants. What circumstances would lead to high revenues?
Economists describe human-induced climate change as an ‘externality’What does this mean and how is it linked to climate change?
How is the “free-rider” problem so potentially vexing to the challenge of mitigatingclimate change?
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