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Choice of MBIs
Economic instruments or MBIs influence decision-making in such a way that the chosen alternatives would lead to an environmentally more desirable situation than in the absence of the instrument.
Hence, economic instruments allow the polluting agents the freedom to opt for instruments in a way they themselves think are most beneficial to abate pollution.The presence of a number of policy instruments makes it difficult to choose the correct one.
Types of production function
how do a traditional economy, a market, a centrally planned economy, and a mixed economy differ?
Jack and Jill live alone on an island. Their labour supply schedules are identical and given by L = (1 - t)w, where t is the income tax rate and w denotes the wage. Jill's wage i
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As you know, the principal-agent problem stress the effect of asymmetric information between the principal and the agents on economic outcomes, the equilibrium in a principal-agent
How burden of public debt is transferred to future generations through reduced capital formation?
what is the definition of public debt burden?
Industries in the country of Technologia invest in latest equipment that annually enhance productivity of private workers by three percent. Government employees do not profit from
Explain the following: (Critically Depensated) Growth Function Sustainable Yield Functions Logistic Growth Function
Market theory is expected to apply to factor markets in a similar way to its application to product markets. However, there is extensive evidence in the Mauritian economy to sugges
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