The paper suggests that an optimal agricultural policy choice would be to taxing not only the flow of contaminants, but also the efforts.doi:10.1007/s40953-015-0005-4Yousafzai, Tufail KhanCrawford School of Public Policy, The Australian National University, Canberra, ACT, 0200, Australia;Kali...
Answer to: What is the socially optimal level of production? By signing up, you'll get thousands of step-by-step solutions to your homework...
Answer to: When the rate of output is a the socially efficient level, the total willingness to pay is as large as possible. True or false? By...
This confirms the general intuition given by Mankiw and Whinston, which does not rely on the convexity of the cost function. The same result is shown to extend (at a similar level of generality) to the comparison between free entry and the first best socially optimal solution, irrespective of...
Data for: The socially optimal energy storage incentives for microgrid: A real option game-theoretic approach This file includes the data and the program code of the manuscript "The socially optimal energy storage incentives for microgrid: A real option game-theoretic approach". Dataset Dateset_Da...
aif private players don't get sufficient incentive for the goods they are producing, there will be under allocation of resources or under production or it can be understood as they will produce less than the socially optimal output( the output which is ideal for society) because private ...
(2017), who proposed a three-dimensional capital allocation plane illustrating the complete set of feasible optimal portfolios based on return, risk and social responsibility. They find that, using this approach, it is possible to achieve similar risk-adjusted performance with higher social ...
Socially optimal price can be described as when the economy or the market structure used in the economy gains a marginal cost equal to its marginal benefit. When a monopoly gains that, it can also be referred to as achieving allocative efficiency, and...
Across spatial scales, the optimal configuration for securing particular benefits varies. While plantations, agroforestry, and other on-farm restoration approaches deliver modest biodiversity benefits, densities of most habitat specialists are maximised where considerable areas of natural habitat are restored67...
For example, in the case where the service offering is travel services, the system 100 may obtain information about a user's previous travel, such as what hotels they have stayed at and what level of service is offered by the hotel, what level of service the user purchases for flights, ...