chapter 17 externalities: the free market-interventionist battle continues

Chapter 17

Externalities: The Free Market-Interventionist

Battle Continues

Copyright © 2001 Addison Wesley Longman

Slide 17- 2

Figure 17.1 Dolan’s Water-Paper Society


Slide 17- 3

Figure 17.2 Pigouvian Taxes


Slide 17- 4

Figure 17.3 The Effect of an Environmental Charge on a Single Firm


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Figure 17.4 The Effects of an Environmental Charge on Two Firms


Slide 17- 6

Figure 17.5 A Market for Pollution Permits


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Figure 17.6 Plott’s Laboratory Model of a Market with an Externality


Slide 17- 8

Figure 17.7(a) The Results of Plott’s Experiment to Investigate the Behavior of a Market with an Externality


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Figure 17.7(b) The Results of Plott’s Experiment to Investigate the Behavior of a Market with an Externality


Slide 17- 10

Figure 17.8 The Results of Plott’s Experiments to Evaluate the Interventionist Solutions to an Externality: The Pigouvian Tax


Slide 17- 11

Figure 17.9 The Results of Plott’s Experiments to Evaluate the Interventionist Solutions to an Externality: Permits


Slide 17- 12

Figure 17.10 The Results of Plott’s Experiments to Evaluate the Interventionist Solutions to an Externality: Standards

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