EUI Working Paper: SPS, Volumes 4-10European University Institute, 1993 - Europe |
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Page 9
Air and water pollution are prime examples of externalities , while a number of
regulatory activities in the fields of safety and consumer protection are motivated
by imperfect information and the belief that the market , by itself , will supply too ...
Air and water pollution are prime examples of externalities , while a number of
regulatory activities in the fields of safety and consumer protection are motivated
by imperfect information and the belief that the market , by itself , will supply too ...
Page 10
It is important to note that the paternalistic argument for government activities is
quite distinct from the externalities argument ( Stiglitz , 1988 : 81 ) . Smoking in
public places imposes a cost on non - smokers and hence a ban can be justified
by ...
It is important to note that the paternalistic argument for government activities is
quite distinct from the externalities argument ( Stiglitz , 1988 : 81 ) . Smoking in
public places imposes a cost on non - smokers and hence a ban can be justified
by ...
Page 11
... the range of government activities they include and in their underlying rationale
: public goods , negative externalities and information failure in one case ,
redistribution and merit goods in the other . Of course , the distinction is not
absolute .
... the range of government activities they include and in their underlying rationale
: public goods , negative externalities and information failure in one case ,
redistribution and merit goods in the other . Of course , the distinction is not
absolute .
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