Author Archives: Adam Bailey

Some Carbon Tax Scenarios

How does a competitive industry respond to an emissions tax in the short run and the long run?  What if the industry is a monopoly? In this post I bring together two standard pieces of microeconomic analysis: the effect of … Continue reading

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Covid-19 and Household Size

Differences in national rates of Covid-19 infection may be partly due to differences in household sizes. While many questions about the Covid-19 virus are currently unanswered, one point on which there has been wide agreement is that transmission is more … Continue reading

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Urban Wildlife – An Exploration

In many cities around the world, there are wild animal species whose presence is enjoyed by some and a nuisance to others. Management of such species should be informed by economic analysis as well as ecological, ethical and animal welfare … Continue reading

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Mitigable Public Bads

The economic theory of public goods is sometimes assumed to be adaptable in a straightforward manner to public bads.  Here I consider some implications of the fact that such bads are usually mitigable. Consider a region around an airport, subjected … Continue reading

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