About Economic DropletsAn environmental and natural resource economics blog by Adam Bailey (below). For details and profile see About.
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Tag Archives: consumer surplus
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
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