Meynaerts, Erika; Vanassche, Stella; Vranken, Liesbet - Faculteit Economie en Bedrijfswetenschappen, … - 2010
While we can rely on markets to match producer supply with consumer demand for most goods and services, markets fail to yield the socially optimal outcome in the case of pollution so that government interventions are desirable. However, determining the "right" level of environmental protection...