Market mechanisms for regulation: Cap-and-trade and Obamacare

Jeffrey Frankel 27 February 2014

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Markets can fail. But market mechanisms are often the best way for governments to address such failures. This has been demonstrated in areas from air pollution, to traffic congestion, to spectrum allocation, to cigarette consumption.

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Topics:  Environment Politics and economics

Tags:  environment, global warming, pollution, regulation, healthcare, Cap-and-trade, market-based mechanisms, Obamacare, EU ETS

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