Explain the case of permits systemtradable permits as, Ask an Expert

Economics

Explain the case of permits system/tradable permits as compared to Pigovian tax (tax and standards) in creating market based property rights to addressed externality. State your assumptions and highlight the basic structure of each case with special focus on the comparative static elements in each model/case.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91922214

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