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In economic literature policy instrumentation has usually been discussed from normative point of view. In particular, the analytical apparatus of welfare theory is well equipped t
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how wage increase of fixed income groups'' will affect the overall economy? what are effects exactly?
Suppose there is certain social norm. Its enactment into statutory law lowers people's private cost of its enforcement because it creates the possibility that violation of norm wi
Sustainability, more recently referred to as ‘sustainable development', came from the idea of integrating economic development and environmental protection. The concept is based on
externalities produced by a monopolist
what are the costs and consequences of providing the subsidies and welfare?
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