Titlebook: Economics of the Environment; Theory and Policy Horst Siebert Book 19985th edition Springer-Verlag Berlin Heidelberg 1998 allocation theory

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Property-Rights Approach to the Environmental Problemrights idea can be considered as a counterposition. The property-rights approach suggests that if exclusive property rights are adequately defined, the public-good environmental quality can be transformed into a private good, and optimal environmental allocation will be reached. Government intervent

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