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Microeconomic models of externality market, generalized Coase theorem/Mikroekonomické modely trhu s externalitami, zobecněný Coaseho teorém (available in czech only)

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Abstract

Three original microeconomic models of an externality market are described: (1) model of the marketable permits for exhalations emission, (2) model of optimal financial satisfaction of a damage caused by a negative externality in the economy with agents maximizing probability of their survival (generalized Coase theorem) and (3) model of optimal financial favor for agents provided a positive externality

Suggested Citation

  • Jiří Hlaváček & Michal Hlaváček, 2008. "Microeconomic models of externality market, generalized Coase theorem/Mikroekonomické modely trhu s externalitami, zobecněný Coaseho teorém (available in czech only)," Working Papers IES 2008/29, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Nov 2008.
    • Handle: RePEc:fau:wpaper:wp2008_29
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    File URL: http://ies.fsv.cuni.cz/default/file/download/id/9345
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    More about this item

    Keywords

    negative externalities; marketable permits for exhalations; generalized Coase theorem; maximizing of the probability of an economic survival; positive externalities;
    All these keywords.

    JEL classification:

    • D62 - Microeconomics - - Welfare Economics - - - Externalities
    • D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles

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