Mark Lorenzo

Mark Lorenzo

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2023-07-31 20:23:25 -

The European Business Review - July/August 2023

The European Business Review - July/August 2023

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Mark Lorenzo

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2023-07-31 20:03:47 -

Positive externalities of innovation
Key points If inventors received a greater share of the broader social benefits for their work, they would have a greater incentive to seek out new inventions. Positive externalities are beneficial spillovers to a third party or parties. Private benefits are the dollar value of all benefits of a new product or process invented by a company that can be captured...

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Mark Lorenzo

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2023-07-28 20:32:51 -

The Week Junior USA - Issue 172, August 4, 2023

The Week Junior USA - Issue 172, August 4, 2023

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Mark Lorenzo

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2023-07-28 20:15:43 -

The tradeoff between economic output and environmental protection
Key points Depending on their income levels and political preferences, different countries are likely to make different choices about how to balance economic output and environmental protection. All countries benefit from making a choice that is productively efficient—that is, a choice somewhere on the production possibility frontier rather than inside it....

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Mark Lorenzo

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2023-07-27 23:19:33 -

MoneyWeek - Issue 1166, 28 July 2023

MoneyWeek - Issue 1166, 28 July 2023

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Mark Lorenzo

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2023-07-27 15:52:57 -

International environmental issues
Key points Certain global environmental issues, such as global warming and biodiversity, spill over national borders and will need to be addressed with some form of international agreement. Biodiversity is the spectrum of animal and plant genetic material. International externalities are externalities that cross national borders and that cannot be resolved by...

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2023-07-27 15:48:51 -

Shares Magazine – 27 July 2023

Shares Magazine – 27 July 2023

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Mark Lorenzo

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2023-07-26 20:06:55 -

The benefits and costs of US environmental laws
Key points Taken as a whole, the benefits of US environmental regulation have outweighed the costs. As the extent of environmental regulation increases, additional expenditures on environmental protection will probably have increasing marginal costs and decreasing marginal benefits. This pattern suggests that the flexibility and cost savings of market-oriented...

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2023-07-25 19:45:33 -

Pro Avl Mea - July/August 2023

Pro Avl Mea - July/August 2023

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2023-07-25 19:23:33 -

Types of market-oriented environmental tools
Key points The three main categories of market-oriented environmental policies are pollution charges, marketable permits, and better-defined property rights. A marketable permit program is a program in which a city or state government issues permits allowing only a certain quantity of pollution. These permits to pollute can be sold or given to firms free....

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