Air Pollution And Government Itervention
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Title: Air Pollution And Government Itervention

Essay Details:

Subject: Miscellaneous
Author: Richard V
Date: January 12, 2014
Level: College
Grade: B
Length: 1 / 174

Essay text:

Market is costly. After the defination of private property rights on air, it is very difficult, even impossible to charge the people who pollute air. The transaction costs of doing so is considerable. The market for exchanging rights to pollute air is too costly to establish. Because of enormous transaction costs, the government which she can tackle the pollution with least transaction costs is responsible to take that job. Why does the government can tackle the air pollution with least transaction costs? This is because it is only the government who can legislate laws and regulations and use violence (Police) lawfully...

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