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Posts By: peter
Extract: Warming Projections (graphs)
Read MoreExtract: Tipping Points in Climate Change
Read MoreExtract: Elasticity of Demand, Fuel and Carbon Taxes
source Will higher taxes on greenhouse fuels affect people’s driving or home heating habits very much? This depends on the elasticity…
Read MoreExtract: Stern Report on Climate Change 2006
Extract: STERN REVIEW: The Economics of Climate Change 2006 Emissions have been, and continue to be, driven by economic growth; yet stabilisation…
Read MoreStart Here: Market Failure
In a pure market system, consumers are said to be sovereign – the combination of their choices, freely made, determines the…
Read MoreExtract: How Economists evaluate Congestion
source The market failure of traffic congestion is demonstrated in Figure 1, we assume identical road users using a uniform road…
Read MoreExtract: Negative Externalities and Toll Booths
source Negative externalities Oct 13th 2009, 15:42 BY THE ECONOMIST | WASHINGTON THE logic behind congestion pricing—tolling roads to maintain free-flowing…
Read MoreArticle: Carbon Trading
Carbon trading, sometimes called emissions trading, is a market-based tool to limit Greenhouse Gases (GHG). The carbon market trades emissions under…
Read MoreStart here: Production
How does a rational (core concept 3), profit-maximising producer select the amount of inputs (Land, Labour, Capital) to employ in the…
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