PUP-3002 Lecture Notes - Lecture 9: Climate Change Mitigation, Externality
5 Apr 2018
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Regulating practices or behaviors of firms or consumers. You can only do so much of _______ If you do ______ you will be punished. This involves the creation of a bureaucracy to implement and enforce policies. Politically feasible as citizens do not see directly see added costs in the price of the good. Democratic societies tend to favor output standards to taxes and subsidies. To ascertain how the public really feels a environmental protection, it is useful to analyze 5 components of public attitude. Direction refers to the level of support that a citizen assigns to a specific policy. In aggregate, citizens tend to be highly supportive of environmental protection. Observe that the vast majority of americans prefer some climate change mitigation. Intensity refers to how strongly a citizen feels about a given issue. Stability refers to how much volatility we observe in citizen attitude over time.
