Discuss the various reasons why relying on governments alone may also not provide the socially best outcomes for the environment Custom Essay

Discuss the various reasons why relying on governments alone may also not provide the socially best outcomes for

the environment. Think about the various ways governments can intervene and their limitations. Include examples

relating to the environment. Given that some in-between approach may be necessary, can you think of any

principles or considerations economic managers should include in policy design given the limitations of both free

markets and governments (being aware that different environmental problems have different contexts and that only

broad principles, on when to rely more on one than the other, would be at best possible).

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