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ECO - Robert H. Frank, an economics professor at the Johnson Graduate School of Management

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Question;Robert H. Frank, an economics professor at the Johnson Graduate School of Management at Cornell University, published an article titled ?Carbon Tax Silence, Overtaken by Events? in The New York Times on August 25th, 2012, stating that global warming has a ?fairly simple and cheap technical solution? based on economics theories. Please read this article (as attached) and answer the following questions.a) Identify the economics assumptions and rationale behind this ?fairly simple and cheap technical solution?. (Max. 250 words)b) Based on your economics intuition, identify the possible efficiency and equity concerns under this ?fairly simple and cheap technical solution?. (Max. 300 words)c) Based on your economics logic and answers to a) and b), determine if this ?fairly simple and cheap technical solution? will be successful or not. Provide your reasoning. (Max. 300 words)

 

Paper#56168 | Written in 18-Jul-2015

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