ERIC Number: EJ673864
Record Type: CIJE
Publication Date: 2003
Reference Count: 0
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
Authoring Institution: N/A
Note: The Journal of Economic Education is a peer reviewed journal.