Example: stock market
Chapter 14 Externalities Market Failure And
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PRINCIPLES OF ENVIRONMENTAL ECONOMICS
ashraffeps.yolasite.com5.3 Common property resources, external costs and market failure 76 ... 5.3.2 Environmental externalities and their economic consequences 78 5.4 Internalizing externality using the Pigouvian tax approach 82 ... 14.5 Chapter summary 249
Natural Resource and Environmental Economics
econdse.org5.7 Market allocations are not necessarily equitable 122 Part III Market failure, public policy and the environment 124 5.8 The existence of markets for environmental services 124 5.9 Public goods 126 5.10 Externalities 134 5.11 The second-best problem 142 5.12 Imperfect information 143 5.13 Government failure 144 Summary 145 Further reading 146