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Understanding Plastic Ban and Market Failure by Rahul King is a document available to read on EtoBox.
What is Understanding Plastic Ban and Market Failure about?
Market failure occurs when the allocation of goods and services is inefficient, such as when externalities like pollution are not accounted for. Plastic bags are a source of market failure as they are not biodegradable and become lethal litter, polluting the environment for 1000 years. A study in Tamil Nadu found that banning plastic bags reduced negative externalities since alternatives require consumers to internalize more costs. While bans may initially increase costs for consumers and businesses, they p
- Author
- Rahul King
- Language
- EN