About Economic Droplets
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, 2012-2022.
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Category Archives: Pollution
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
Behavioural Economics and Environmental Valuation
The behaviour on which revealed preference valuation methods are based almost inevitably results from thought processes involving bounded rationality. What does that imply for such methods? The insights of behavioural economics have been applied to many sub-fields of economics, and … Continue reading
Pollution Control and Output
Discussions of pollution control often focus on abatement technologies. But that’s only half the picture. Suppose a profit-maximising firm is producing and selling a good, but the production process emits a pollutant. In the absence of policy intervention, it will … Continue reading
The Economics of Urban Rainwater
Lack of natural drainage in urban environments can lead to flooding and pollution. Economics can help find appropriate solutions. There is a furore in Maryland, USA, where many residents will soon have to pay a “stormwater management fee” based on … Continue reading
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