Microeconomics (Christopher T.S. Ragan) (z-lib.org)

The optimal amount of pollution abatement occurs where the marginal cost of reducing pollution is just equal to the marginal ben ...

discrimination is possible and the challenges firms face in designing multiple prices. We then turn to the profit and output eff ...

value, and we are more familiar with applying the concepts of supply and demand for goods with positive values. If no pollution ...

to pay more for the same good than other consumers are. In this second situation, if the firm is able to determine which consume ...

Marginal Benefit of Abatement The downward-sloping curve in Figure 17-2 is the “demand” for pollution abatement and reflects the ...

Paul Springett B/Alamy Stock Photo Prevent Arbitrage Whenever the same product is being sold at different prices, there is an in ...

intervene in private-sector markets if the outcome shown in Figure 17-2 is to be attained. The second problem is that the optima ...

Figure 10-6 Price Discrimination Among Units of Output Different Forms of Price Discrimination Now that we have seen the conditi ...

17.2 Pollution-Reduction Policies We examine three different types of policies designed to bring about the optimal amount of pol ...

Profits can be increased by price discrimination. A single-price monopolist produces where output is and price is this case, pro ...

contamination they cause in the ground water. Similarly, the Canadian federal government gradually reduced the amount of lead al ...

Price discrimination among units of output sold to the same consumer requires that the firm be able to keep track of the units t ...

Figure 17-3 The Inefficiency of Direct Regulatory Controls In the terminology of Chapter 12 , direct regulatory controls are oft ...

Figure 10-7 A Numerical Example of Profitable Price Discrimination and is able to prevent any purchase-and-resale between them. ...

Requiring equal amounts of pollution abatement from different polluters is inefficient when the different polluters have differe ...

Profit-maximizing price discrimination results in higher prices in those market segments with less elastic demand. The figure sh ...

firms is the given level of pollution abatement being achieved at the lowest possible cost. Direct regulatory controls are usual ...

shown by the light shaded row. The firm can increase its profits, however, if it can charge different prices in the two market s ...

Figure 17-4 The Efficiency of Emissions Taxes Emissions Taxes An alternative method of pollution reduction is to levy a tax on e ...

A more local example of price discrimination among market segments is the different prices charged by movie theatres for adults ...