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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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Tag Archives: marginal abatement cost
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
Some Economics of a Carbon Tax
A carbon tax can be an effective policy for reducing emissions. It also affects output and social welfare. Like many economists I am fond of diagrams. I feel I understand a piece of economics when I see it expressed in … Continue reading
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