Under what circumstances socially optimal solution arise

Reference no: EM13181610

Discuss the various ways governments can handle externalities, such as noise from a local airport or a barking dog or building of commercial office space or an industrial building in a residential area? How does the assignment of property rights affect the outcome? Under what circumstances would a socially optimal solution arise without any government intervention? Under what circumstances would government intervention likely move the outcome closer to a socially optimal solution?

Reference no: EM13181610

Questions Cloud

One historian claims that in the gilded age : One historian claims that in the Gilded Age, "Democrats were separated from Republicans more by accident of national origin, geography, history, and emotion rather than by economic issues." Elaborate.

The montreal protocol and its subsequent amendments : The Montreal protocol and its subsequent amendments resulted in the elimination of many ozone depleting substances. Alink to the montreal protocol can be found on the course Webliography.

What does the large u.s. current account deficlt : Explain how current account imbalance create a risk for the global economy. What does the large U.S. current account deficlt tell us about the U.S economy? Are there reasons to be concerned about the size and peresistence of the US current account..

Explain a simple and practical way to make : Describe a simple and practical way to make 1.00 L of this buffer solution, assuming a 1.0 M solution of the molecular base is available and that the chloride salt of the conjugate acid is available as a solid

Under what circumstances socially optimal solution arise : Discuss the various ways governments can handle externalities, such as noise from a local airport or a barking dog or building of commercial office space or an industrial building in a residential area? How does the assignment of property rights a..

Calculate the ph of butyric acid : Calculate the pH of 0.500L of a buffer solution composed of 0.20 M butyric acid (CH3(CH2)2)2COOH, Ka = 0.000015) and 0.10 M sodium butyrate, (NaCH3(CH2)2COO).

Determine minimum monthly payment : If Simon makes the minimum monthly payment and makes no other charges, how many months will it be before he pays off the card and if Simon makes monthly payments of $60, how many months will it be before he pays off the debt?

What is the resulting equilibrium price and quantity : The widget Industry in Anytown is a monopoly, controlled by Widget Corp. Its demand curve for the local market is given by P = 800 - 20 W Where W represents the number of widgets sold per period. The total cost function (including opportunity or i..

Use the irr method to select the best jogging track : Four mutually exclusive projects are being considered for a new two-mile jogging track. The life of the track is expected to be 80 years, and the sponsoring agency's MARR is 12 percent per year. Annual benefits to the public have been estimated by..

User Account

All Pages