Compare and contrast environmental standards, corrective taxes and tradeable permits. Discuss the pros and cons of each type of public policy instrument.

1. Compare and contrast environmental standards, corrective taxes and tradeable permits. Discuss the pros and cons of each type of public policy instrument. When should a quantity regulation be placed as opposed to a price regulation?
Finally, comment on your take on President Obama’soverall efforts (Links to an external site.) to reduce greenhouse gas emissions. Use appropriate data and references.
2. Suppose that the demand for a chemical is given by Q = 80 – 4P, where quantity is measured in pounds. The market supply is given byMC = 10. Assume that the marginal external damage of this product is $5 per unit.

a. What is the equilibrium price and quantity of this good in a private market without government intervention? What is the socially desired equilibrium price and quantity?

b. What level of taxation would generate the socially efficient level of the good from part (a)?


Last Completed Projects

# topic title discipline academic level pages delivered
6
Writer's choice
Business
University
2
1 hour 32 min
7
Wise Approach to
Philosophy
College
2
2 hours 19 min
8
1980's and 1990
History
College
3
2 hours 20 min
9
pick the best topic
Finance
School
2
2 hours 27 min
10
finance for leisure
Finance
University
12
2 hours 36 min