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Introduction to Environmental Economics: Pigouvian policy

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The document covers the following: 1. How do we model our problems going forward? 2. What are the different kinds of standards in theory and the real world? 3. What happens under a standard?

Institution
University Of Alberta (UofA)
Course
Econ 467 (ECON467)











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Institution
University of Alberta (UofA)
Study
Business Economics
Course
Econ 467 (ECON467)
All documents for this subject (6)

Document information

Uploaded on
November 8, 2022
Number of pages
51
Written in
2021/2022
Type
Class notes
Professor(s)
Dana andersen
Contains
All classes

Subjects

  • standards
  • pigouvian policy
  • emission standards
  • lecture 4
  • introduction to environmental economics

Content preview

Lecture 04
Standards

Dana Andersen
ECON 467

,Roadmap
1. How do we model our problems going forward?
2. What are the different kinds of standards in theory and the real world?
3. What happens under a standard?

,Pigouvian policy

, Pigouvian policy
Much of what we will be looking at going forward are Pigouvian policies

A Pigouvian policy aims to force polluters to realize the costs of their
emissions (or forces the creator of a public good to realize the external
benefit) in the absence of a market to do the same

Next we will look at command and control and emission standard
regulations
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