
Economics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0073511498
Economics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0073511498 Exercise 6
Suppose the government is considering two policies to limit factory air pollution: taxing producers, or providing each producer with an allotment of permits they may trade with other producers. If both policies lead to the same amount of pollution reduction, why might producers prefer the tradable-permit option?
Explanation
Tax:
A tax is an economic measure taken...
Economics 1st Edition by Dean Karlan,Jonathan Morduch
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