Economic Theories on Environment - Dictionary of Arguments
Mause I 408
Environment/Economic Theories: from an economic and political science perspective, environmental goods have structural characteristics that include scarcity and characteristics of social goods (e.g. free rider problem).
These structural features serve as a basis for the economic justification of state environmental policy.
Problem: if environmental goods are to be managed via the market, this requires a) the existence of individual preferences for these goods and b) a functioning price mechanism in advance if a "market failure" is not to occur. Endress 2000, p. 16f. (1)
1. Alfred Endress, Umweltökonomie, Stuttgart 2000._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Author1]Vs[Author2] or [Author]Vs[term] is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition.
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