Question

Q a.Providing transport related examples, discuss the causes and consequences of market failure in detail. b.Identify...

Q

a.Providing transport related examples, discuss the causes and consequences of market failure in detail.

b.Identify market-based instruments for pollution controls and discuss their merits.

0 0
Add a comment Improve this question Transcribed image text
Answer #1

a.Externality due to emissions from cars is a cause of market failure.Excess of pollution from cars like Noise Pollution, Air Pollution create a negative effect on the surroundings which increase the social costs like health issues such as respiratory problems etc.which leads to inefficiency in the market.

b.Taxes on Pollution and Emission, Transferrable Pollution Permits, subsidized low emmision cars, are some market based instruments for Pollution Control. The merits of such taxes are , they give monetary incentives to car buyers to reduce or eliminate pollution, and make environment pollution free.

Add a comment
Know the answer?
Add Answer to:
Q a.Providing transport related examples, discuss the causes and consequences of market failure in detail. b.Identify...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT