Liability law:
A. Find who should pay for damages.
B. Externalizes (内化) what would otherwise be considered internal costs
C. Transaction costs are useful.
D. All answers are correct.
For Property Rights, there must be market-like conditions like:
A. Well-defined property rights.
B. Free and competitive negotiations.
C. Markets available to buy and sell the rights.
D. All answers are correct.
E. No answer is correct.
For Decentralized Rights, there must be market-like conditions like:
A. Well-defined (明确界定) property (财产) suggestions
B. Compulsive negotiations (谈判)
C. Markets available to lease and rent the rights
D. No answer is correct.
E. All answers are correct.
A marginal _________ function shows the change in damages as a result of a unit change in emissions (排放 ) or ambient concentration