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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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Category Archives: Microeconomic Theory
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
In Defence of the Linear Demand Function
Presentations of microeconomic analysis often assume linear demand functions, but rarely justify them in terms of utility theory. However it can be done, and without making outrageous assumptions. Originally posted 11/2/2016. Re-posted following site reorganisation 21/6/2016. Run a Google search … Continue reading
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