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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.
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Consider a case, if an insurance company merges with a bank. We know that insurance company bears risk for insurers. Suppose, after merger, bank gets in some trouble for reasons ot
principles of multi unit finance
Q. Who will participate and how decision will be made are issues concerned with Public Choice. Whether participants are guided by social concerns or they harbour their private
describe and illustrate the lm-schedule
Characteristics of IS Curve
As we know now that in policy process, policy outcome may differ from the social planner outcome not only because different policies may be chosen but because a given policies may
Introduce uncertainties in attainments of policy outcomes, winning of elections, optimistic and pessimistic expectations of agents and relate it to various adjustments and converge
Describe the basic process by which an economy moves by a business cycle. What is meant by a demand-pull inflation? How does a demand-pull inflation vary from a cost-push inflati
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