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ERIC Number: EJ673864
Record Type: CIJE
Publication Date: 2003
Pages: N/A
Abstractor: N/A
Reference Count: 0
ISSN: ISSN-0022-0485
Should Consumers Be Priced Out of Pollution-Permit Markets?
Smith, Stefani C.; Yates, Andrew J.
Journal of Economic Education, v34 n2 p181-89 Spr 2003
Presents a simple diagrammatic exposition of a pollution-permit market in which firms that generate pollution and consumers who are harmed by pollution are allowed to purchase permits at a single market price. Illustrates that the market equilibrium is efficient only if the endowment of permits is equal to the efficient level of pollution. (JEH)
Publication Type: Guides - Classroom - Teacher; Journal Articles; Reports - Descriptive
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Note: The Journal of Economic Education is a peer reviewed journal.