For next lecture, please read …

For next lecture, please read the article by Weitzman (1974), Prices vs Quantities in addition to chapter 7 in Perman et al (chapter 8 in the 2003 edition).

Assignment: The article by Goulder, Markets for Pollution Allowances: What Are the (New) Lessons? in the current issue of the JEP discusses cap-and-trade systems. Read it and then write down a research question suitable for a master thesis. If you want, you can then send it to me. Florian

Published Feb. 11, 2013 11:36 AM - Last modified Apr. 16, 2013 1:24 PM