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Microeconomic models of externality market, generalized Coase theorem/Mikroekonomické modely trhu s externalitami, zobecněný Coaseho teorém (available in czech only)

Jiri Hlavacek and Michal Hlaváček

No 2008/29, Working Papers IES from Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies

Abstract: Three original microeconomic models of an externality market are described: (1) model of the marketable permits for exhalations emission, (2) model of optimal financial satisfaction of a damage caused by a negative externality in the economy with agents maximizing probability of their survival (generalized Coase theorem) and (3) model of optimal financial favor for agents provided a positive externality

Keywords: negative externalities; marketable permits for exhalations; generalized Coase theorem; maximizing of the probability of an economic survival; positive externalities (search for similar items in EconPapers)
JEL-codes: D01 D62 (search for similar items in EconPapers)
Pages: 19pages
Date: 2008-11, Revised 2008-11
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