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An environmental and natural resource economics blog by Adam Bailey (below). For details and profile see About.
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© Adam Bailey and Economic Droplets, 2012-2025.
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Category Archives: Microeconomic Theory
How to Deal with Natural Disasters
A short review of Matthew Kahn’s An Introduction to Natural Disaster Economics. When I first studied environmental and natural resource economics, I was struck by its focus on certain topics and comparative neglect of others which seemed equally important. My … Continue reading
Technology-Neutral Procurement – An Assessment
In the absence of full cost information or of externalities, should policies to support production of a good always be technology-neutral? Scenarios can be constructed which suggest not, but the gains from departing from technology neutrality may be too small … Continue reading
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
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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