Welfare Effect of Environmental Quota

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This Demonstration displays the welfare loss associated with a binding or nonbinding quota due to negative environmental externalities resulting from production of a good. You can vary the level of environmental damage associated with production. The model differentiates between the deadweight loss resulting from overproduction and that resulting from reduced market activity as a result of the quota.

Contributed by: Amir Ahmadi (April 2013)
With additional contributions by: Tanner McCarty and Xin Zhao
After instruction and guidance by: Dr. Juan P. Sesmero
Open content licensed under CC BY-NC-SA




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