As a Means of Dealing with Pollution, Do Economists Generally

question 132

Essay

As a means of dealing with pollution, do economists generally prefer corrective taxes or do they prefer regulations?

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Definitions:

Validly Assigned

Legally transferred or delegated to another party, in the context of rights, duties, or properties, in accordance with applicable laws and agreements.

Incidental Beneficiary

A third party who unintentionally benefits from a contract between two other parties, without having legal rights to enforce the contract's terms.

Contractual Rights

Legal rights acquired by individuals or entities under the terms of a contract, including the rights to receive goods, services, or payments.

Creditor Beneficiary

A third party that benefits from a contract, particularly one made between two other parties to pay a debt owed to the beneficiary.