Environmental Economics
August 31st, 2015
Before beginning this discussion, read Chapter 14 in your text and the article, How Economists See the Environment. Discuss how we should arrive at an efficient allocation for a fund pollutant using economic theory. Then, accurately describe at least two cost effective control policies discussed in your text, making sure to note which you feel is the most efficient. You are to utilize both your text and at least one scholarly source when arguing for one policy over another. Finally, describe both the myth of market solutions and the myth of market prices as defined by Fullerton and Starvins (1998).