Explores the economic and social value of innovation, analyzing consumer surplus, profit distribution, and disruptive effects of companies like Amazon and Airbnb.
Delves into environmental regulation mechanisms like quantity caps, consumption caps, and taxes, emphasizing the importance of aligning private costs with social costs for optimal outcomes.
Explores the impact of innovation on firms' profit and consumers' surplus, emphasizing the importance of innovation in driving productivity growth and improving the standard of living.
