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The law plays a key role in definition of how resources are used. But it
It appears always identical, because in right and duty contracts
The parties are exposed all time to such changes that all parties appeared
Interested in the actions maximising value of manufacture. At
In contracts it appears business too unprofitable. Stimulus to realisation
Some steps which maximisations of value of manufacture would lead,
Disappear. On the law depends, which stimulus will lack,
As it defines, how it is necessary to change contracts, that
Those actions which maximise value of manufacture were carried out.
Results of action of various legal rules intuitively are not obvious, and
Depend on actual circumstances in each separate case. Can
To happen, for example, as it has been shown earlier in this section that value
Manufactures will be it, when those who generates harmful consequences, not
Are obliged to pay indemnification in that who suffers from a damage caused to it.
VI. Piguviansky taxes
UP TO article PUBLICATION "Problem of social costs" influence
Various rules about responsibility on placing of resources almost
It was considered in the economic literature. Following Pigu, economists
Spoke about not compensated damage and assumed thus that those who was
The reason of these harmful influences, should be obliged the law to compensate
Damage that who has suffered from it, but to the question on execution rules
Responsibility of special attention did not give. The majority of economists believed,
That the problems arising when actions of the manufacturer cause a damage to another,
In the best way it is possible to resolve an establishment of corresponding system
Taxes and grants, the role of taxes thus was especially underlined. So, in
Introduction to recently published article it is told: "the Economic theory
Has established that for efficiency achievement in competitive economy are necessary
Taxes (grants) to the goods by which manufacture there are negative
the Theory of Externalities//Quarterly Journal of Economics, 94, it 4, June
1980, p. 799]. What were advantages of these means of regulation
Processes of generation of harmful effects, use of taxes attractively
Also that they can be analysed by means of the existing theory
The prices that developed schemes look rather impressively on blackboards
Or in articles also that they do not demand knowledge of a subject.
In the end of my article "Problem of social costs" I asserted that on
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Large Weather Icons
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