Archive for March 2017
Environmental policy: Monopoly, oligopoly, (shale) oil and climate change
Combustion of fossil fuels (oil, gas, and coal) contributes to climate change by generating carbon emissions. Because the effect of fossil fuels on climate change is not taken into account by the free market, government policy is needed to reduce carbon emissions. Optimal climate policy is simple, at least in theory: carbon emissions should be…
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