I know that one thing that pops up in many discussions on this board is that private industries can solve negative externality problems. Does anyone know if any academic papers have been written on this subject? Its just something I've been thinking about recently and wanted to see what was out there.
Thanks for your help!
Ambition is a dream with a V8 engine - Elvis Presley
How do you define "academic papers"? Would The Quarterly Journal of Austrian Economics qualify as an "academic publication"?
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By "academic" I really just mean peer-reviewed research papers (as opposed to say opinion articles). But sure, I would be happy to read an article from the QJAE if it is relevant.
In all honesty, I am dissatisfied with most of the research I have read on this topic. Most of the authors don't demonstrate as strong an understanding of externalities and public goods/bads as I would like.
Hope we get some good sources here.