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[Essentials of Economics]Chapter11 public goods and common resources
武俊敏 发表于 2008-02-15 11:36:27
If the government decides that the total benefits exceed the costs,it can provide the public good and pay for it with tax revenue,making everyone better off.(National defense,basic research,fighting poverty)/The government can solve the tragedy of the commons by reducing use of the common resources through regulation or taxes.Alternatively,the government can sometimes turn the common resource into a private good.(clean air and water,congested road,wildlife)
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