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Trade and Externality
With Optimal Policy Intervention
11 other sections not shown
agricultural allocation of resources CM CM CM H CM rH commodity XI consumption country's decreases defined derived developing countries distorted situation distorting environmental degradation economic efficient allocation endowment environment environment-intensive environmental laissez-faire policy environmental policy environmental protection policy environmental quality environmental services external effects externality situation factor intensities factor of production factor-price differential H rH impediment to production implications income effects increases inputs international trade large country level of environmental magnitude major importer natural environment Nigeria nominal comparative advantage opportunity cost optimal policy intervention output parameters Pigouvian Pigouvian taxes pollution problem production activities production functions production possibilities Production Possibility Frontier proposition pure public bad reduces relatively N-intensive resource allocation rH CM Rybczynski theorem Saudi Arabia sector simulations social costs social PPF techniques of production trade effects trade flows trade patterns trade responses trade reversals transaction costs University of Wisconsin-Madison variables