Chapter 21: Externalities in Competitive Markets

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Maximizing Social Surplus in the Presence of a Negative Production Externality     Voice-Over

An Efficient Pigouvian Tax     Voice-Over

A Market for Pollution Vouchers     Voice-Over

Underproduction in the Presence of a Positive Externality     Voice-Over

An Efficient Pigouvian Subsidy     Voice-Over

Going from the Market for x to the Pollution Voucher Market     Voice-Over