题目内容
Centralised Policy means agovernment agency determines what is to be done and must have knowledge of marginal abatement costs and marginal damage functions.
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Decentralised Policy means agovernment agency determines what is to be done and must have knowledge of marginal abatement costs and marginal damage functions.
Decentralised Policy gets results from the interaction of many individual decision makers and individual interactions reveal information about marginal abatement costs and damage functions.
Centralised Policy gets results from the interaction of many individual decision makers and individual interactions reveal information about marginal abatement costs and damage functions.
For a policy to be socially efficient it must not only be cost-effective, but also balance costs with benefits.
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