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dc.contributor.advisorHultberg, Patrik T.
dc.contributor.authorTin, Hein H.
dc.description33 p.en_US
dc.description.abstractThe existence of externalities in economies cause markets to operate inefficiently. Intervention from the third party is thus necessary for market to function at the maximum possible efficiency. However, it is a challenge for third party, such as the government to choose the best policy to maximize the best policy for the market. Depending on the source of market failure, trade policy and environmental policy have different effects in minimizing the distortion by externality. The trade policy is second best policy for domestic externality as it carries more deadweight loss. The more efficient method to optimize domestic externality is to regulate with environmental policy. In turn, domestic environmental policy may not be an ideal solution for the transboundary externality such as cross-border pollution.en_US
dc.relation.ispartofKalamazoo College Economics and Business Senior Individualized Projects Collection
dc.rightsU.S. copyright laws protect this material. Commercial use or distribution of this material is not permitted without prior written permission of the copyright holder.
dc.titleOptimal Environmental Policy in Open Economiesen_US
KCollege.Access.ContactIf you are not a current Kalamazoo College student, faculty, or staff member, email to request access to this thesis.

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  • Economics and Business Senior Integrated Projects [1202]
    This collection includes Senior Integrated Projects (SIP's) completed in the Economics and Business Department. Abstracts are generally available to the public, but PDF files are available only to current Kalamazoo College students, faculty, and staff.

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