Tag Archives: consumer surplus

Some Carbon Tax Scenarios

Posted on July 7, 2020 by Adam Bailey

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 →

Posted in Climate change, Microeconomic Theory, Pollution | Tagged , , , , , , , , , | Leave a comment

Managing Natural Capital in England

Posted on June 3, 2013 by Adam Bailey

England has established a Natural Capital Committee to advise the government on the efficient and sustainable management of the country’s natural wealth.  In April 2013 the committee published its first report and invited comments.  Below is an abbreviated version of … Continue reading →

Posted in Energy, Environment (general), Minerals | Tagged , , , , , , | Leave a comment