Pigouvian Subsidies for Positive Externalities
A Pigouvian subsidy is an economic instrument designed to correct for positive externalities. By providing a payment to the decision-maker, the subsidy encourages activities that generate benefits for third parties, thereby aligning the private benefit with the greater social benefit.
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Introduction to Microeconomics Course
The Economy 2.0 Microeconomics @ CORE Econ
Ch.10 Market successes and failures: The societal effects of private decisions - The Economy 2.0 Microeconomics @ CORE Econ
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