a Market Failure in Environmental Economics Application

, a Market Failure in Environmental Economics Application (for example, externalities, public goods, rent-seeking behavior) should be identified and explained: in addition to insight from Hodge, Harris and Roach, and/or Kolstad. the student should reference scholarly articles (be sure to select from leading academic journals) and provide a specific of the market failure (for example, recurring smog in a city, species extinction, poor water quality).