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Entries Tagged as 'Environmental Econ'

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Another Pigouvian Tax Fail, Courtesy Of North Carolina And Stephen Colbert…

June 25th, 2013 · 39 Comments
Econ 101 · Environmental Econ · Policy

I guess Ben Franklin (or Chris Bullock, I suppose) was right about that death and taxes thing, since, if for no other reason, taxes are necessary in order to overcome the free-rider problem and collect the funds that provide the optimal quantity of public goods in a society. Of fundamental importance, then, is how this [...]

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Tags: Econ 101 · Environmental Econ · Policy

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The Tragedy Of The Commons, In Musical Form…

September 22nd, 2011 · 4 Comments
Econ 101 · Environmental Econ · Markets

When goods and services aren’t (or can’t be) limited to paying customers, weird things happen in markets. We can end up with public goods such as lighthouses and fireworks displays, or we can get common resources such as (crowded) public parks or fishing waters. The problem with these types of goods is that, if consumption [...]

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Tags: Econ 101 · Environmental Econ · Markets

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What Do Toilet Paper, Hand Soap and Environmental Economics Have In Common? The Stand-Up Economist Explains…

August 31st, 2011 · 1 Comment
Environmental Econ

Yoram Bauman, the stand-up economist, is in China doing some climate change economics-y stuff: In case you’re curious, OECD stands for “Organization for Economic Cooperation and Development,” and the OECD category on the graphs refers to countries that are members of the OECD, which happen to mostly be developed countries. Is it bad that my [...]

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Tags: Environmental Econ

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Things Regulators Should Stay Away From(?), Light Bulbs Edition…

July 14th, 2011 · 17 Comments
Behavioral Econ · Environmental Econ · Policy

Preface: I do not self-identify as a libertarian. In fact, I get somewhat irritated by the typical libertarian ideology-driven assumption that less regulation is always the answer. On a potentially related note, some of you have pointed out that I get my panties in a twist over seemingly random things. These two items, strangely enough, [...]

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Tags: Behavioral Econ · Environmental Econ · Policy

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On Rachel Maddow And Public Goods…Or Non-Public Goods?

June 24th, 2011 · 44 Comments
Econ 101 · Environmental Econ

I will admit that I usually have the TV on when I am working- yes, I realize that this isn’t the most efficient thing to do, but it gives me things to write about, so I think it’s a fair tradeoff. In this case, the thing that caught my eye was the following commercial: What [...]

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Tags: Econ 101 · Environmental Econ

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Happy Birthday, Mr. Coase…

December 29th, 2010 · 6 Comments
Econ 101 · Environmental Econ · Markets

(As before, you have to imagine that in my Marilyn Monroe voice. Also, aren’t my Photoshop skills coming along nicely?) Today is the 100th birthday of economist and Nobel Laureate Ronald Coase. Why is this interesting? Well, for starters, there’s the fact that he’s still alive. Second, there’s the fact that he’s not only still [...]

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Tags: Econ 101 · Environmental Econ · Markets