Part 2 – Public Expenditure: Public Goods and Externalities
Public Finance 10th Edition Rosen Solutions Manual Full download at link: Solution Manual: https://testbankpack.com/p/solution-manual-forpublic-finance-10th-edition-rosen-gayer-0078021685-9780078021688/ Test Bank: https://testbankpack.com/p/test-bank-for-public-finance10th-edition-rosen-gayer-0078021685-9780078021688/ Chapter 5 – Externalities Brief Outline 1. The Nature of Externalities 2. Graphical Analysis a. Implications b. Conclusion 3. Private Responses a. Bargaining and the Coase Theorem b. Mergers c. Social Conventions 4. Public Responses to Externalities: Taxes and Subsidies a. Taxes b. Subsidies 5. Public Responses to Externalities: Emissions Fees and Cap-and-Trade Programs a. Emissions Fee b. Cap-and-Trade c. Emissions Fee versus Cap-and-Trade d. Command-and-Control Regulation 6. The US Response a. Progress with Incentive-Based Approaches 7. Implications for Income Distributions a. Who Benefits? b. Who Bears the Cost? 8. Positive Externalities a. A Cautionary Note Answers to End-of-Chapter Questions
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