Examlex
Identify the product formed when emits a β particle.
Pollution Rights
Tradable permits allowing the holder to emit a certain amount of pollution, used to control the level of pollutants by setting a market price for emissions.
Moral Hazard
A situation in finance and insurance where one party takes on excessive risk because they don't bear the full consequences of their actions.
Government Bailouts
Financial support provided by a government to prevent the bankruptcy of a failing business or sector, aiming to stabilize the economy.
Coase Theorem
a principle that asserts that in the absence of transaction costs, parties can negotiate solutions to externalities among themselves, regardless of the initial allocation of property rights.
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