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Suppose you serve on an environmental policy planning board for the federal government. Your task is to propose a policy initiative aimed at reducing urban air pollution, using the assignment of property rights according to the Coase Theorem. Assume that the major polluters to be targeted are commuter bus companies and that the major parties affected are the collection of city dwellers - residents and workers. Describe your proposal in detail, and include the following: a. Whether the rights are to be assigned to city dwellers or to bus companies.
b. How these rights are to be defined.
c. How the rights are to be distributed to the parties.
d. Whether the rights are to be auctioned or sold, and if so, at what price.
What is the meaning of Capital - Gross domestic product By capital we characteristically mean manufactured goods which are used to produce other goods and services though are
Monetarism This school argues that disturbances within the monetary sector are the principal causes of instability in the economy. According to monetarists, the money supply i
is/lm curve
Q. Explain about IS-LM-model? The key difference between the IS-LM model and the cross model is that nominal interest rate is exogenous in cross model on the other handit is en
Discuss the three major economic indicators and how they are indicative of our current economic climate.
Consider the impact of an increase in thriftiness in the Keynesian-cross analysis. Assume that the marginal propensity to consume is unchanged, but the intercept of the consumption
The real interest rate Interest rates and inflation Suppose you have 1 million on 1st January 2008. A basket of goods and services similar to the CPI basket costs 100,000.
From stock and watson 3rd edition introduction to econometrics Using the data set CollegeDistance described, run a regression of years of completed education (ED) on distance to t
Your Insurance firm processes claims through its newer, larger high tech facility and its older, smaller low-tech facility. Each month, the high-tech facility handles 10,000 claims
list of macro-economics problems of indian economy
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