Microeconomics: Free Market Solutions
Congestion Pricing (1/10/2007)
Road tolls that vary directly with congestion have reduced peak-hour traffic volume in Singapore and Stockholm by forcing commuters to internalize congestion cost.
Road tolls that vary directly with congestion have reduced peak-hour traffic volume in Singapore and Stockholm by forcing commuters to internalize congestion cost.
Dying for Money? (12/7/2000)
Compensated physician-assisted death could reduce end-of-life health care expenditures and reduce pain and suffering.
Compensated physician-assisted death could reduce end-of-life health care expenditures and reduce pain and suffering.
Enforce It or Lose It (12/21/2001)
Dutch property owners hire free antisquatters to prevent squatters from occuping vacant buildings.
Dutch property owners hire free antisquatters to prevent squatters from occuping vacant buildings.
Fished Out! (2/9/2001)
By assigning fishing quotas to individual fisherman, Iceland has solved the problem of over-exploitation typically associated with open access to common-pool resources.
By assigning fishing quotas to individual fisherman, Iceland has solved the problem of over-exploitation typically associated with open access to common-pool resources.
Free-Market Solutions (7/10/2006)
Free-market solutions can minimize cost and rent dissipation of market interventions and regulation.
Free-market solutions can minimize cost and rent dissipation of market interventions and regulation.
Green Tax (8/30/2001)
Taxing nonrenewable resources instead of labor income would create more jobs and encourage conservation while reducing pollution.
Taxing nonrenewable resources instead of labor income would create more jobs and encourage conservation while reducing pollution.
Guilt-free Pollution (6/22/2006)
Paying lower-cost avoiders to reduce pollution could reduce the total cost of pollution control.
Paying lower-cost avoiders to reduce pollution could reduce the total cost of pollution control.
Load Pricing (9/17/2002)
Peak-load pricing can lower electric bills and increase business profitability by inducing household consumers to shift their consumption from higher-rate peak period to lower-rate slack period.
Peak-load pricing can lower electric bills and increase business profitability by inducing household consumers to shift their consumption from higher-rate peak period to lower-rate slack period.
Making Animal Conservation Pay (6/29/1999)
People will conserve wildlife if they have a financial stake in it.
People will conserve wildlife if they have a financial stake in it.
One Road's Congestion Is Another Road's Revenue (12/21/2001)
Charging motorists for contributing to rush-hour congestion may be economists' dream of internalizing negative externality on toll roads but politicians' nightmare when competing highways are free.
Charging motorists for contributing to rush-hour congestion may be economists' dream of internalizing negative externality on toll roads but politicians' nightmare when competing highways are free.
Pollution control (6/23/2006)
Narrated lecture on cost efficient pollution control when firms have different pollution-reduction costs.
Narrated lecture on cost efficient pollution control when firms have different pollution-reduction costs.
Pollution control (transcript) (3/27/2007)
Narrated lecture on cost efficient pollution control when firms have different pollution-reduction costs.
Narrated lecture on cost efficient pollution control when firms have different pollution-reduction costs.
Right Makes Might (2/27/2001)
The right to transfer private property has led to windfall gain to right owners and better allocation of scarce resources, such as water and power.
The right to transfer private property has led to windfall gain to right owners and better allocation of scarce resources, such as water and power.
The Right to Pollute? (10/20/1999)
Pollution credits convert the atmosphere from a commons into private property. They can reduce pollution if the pollution cap is lower than the unrestricted total and lower the costs of reducing pollution if credits can be sold from low-cost avoiders and high-cost avoiders.
Pollution credits convert the atmosphere from a commons into private property. They can reduce pollution if the pollution cap is lower than the unrestricted total and lower the costs of reducing pollution if credits can be sold from low-cost avoiders and high-cost avoiders.
There Is No Free Parking (2/3/2007)
Free or subsidized parking has suffocated the development of mass transit and increased traffic congestion and air pollution.
Free or subsidized parking has suffocated the development of mass transit and increased traffic congestion and air pollution.
