Lecture 04
Standards
Dana Andersen
ECON 467
,Roadmap
1. How do we model our problems going forward?
2. What are the different kinds of standards in theory and the real world?
3. What happens under a standard?
,Pigouvian policy
, Pigouvian policy
Much of what we will be looking at going forward are Pigouvian policies
A Pigouvian policy aims to force polluters to realize the costs of their
emissions (or forces the creator of a public good to realize the external
benefit) in the absence of a market to do the same
Next we will look at command and control and emission standard
regulations
Standards
Dana Andersen
ECON 467
,Roadmap
1. How do we model our problems going forward?
2. What are the different kinds of standards in theory and the real world?
3. What happens under a standard?
,Pigouvian policy
, Pigouvian policy
Much of what we will be looking at going forward are Pigouvian policies
A Pigouvian policy aims to force polluters to realize the costs of their
emissions (or forces the creator of a public good to realize the external
benefit) in the absence of a market to do the same
Next we will look at command and control and emission standard
regulations
