Reducing carbon emissions while stimulating the economy should be a step that both Democrats and Republicans can support.

In the case of pollution—the traditional example of a negative externality—a polluter makes decisions based ... British economist Arthur Pigou suggested in 1920 that governments tax polluters an ...

1, This innovative book models pollution mitigation as a negative externality whilst also providing desirable ... and coalitional solutions. Lindahl taxes and emission and concentration caps are ...