Monthly Archives: March 2013

I am going to talk about the sunny little island on the equator today (that is where I spent 15 years of my life in).  Specifically, Singapore has very precious land space and high population density; hence, it is necessary for her to tackle the congestion externality on the road (time delay and extra fuel consumption).   Some data in 2011   Land Area 714.3km2 Population 5.184 million Road 3411km Expressway 161km Data Source: Department of Statistics, Singapore (www.singstat.gov.sg).   […]

It is been historically well known that the US prefers tradable permits, especially the freely allocated, grandfathered permits while the EU prefers taxation. This difference could be seen as a reflection of a stronger belief in individual private rights and specifically the “prior appropriation” doctrine (the right of the first user) in the US. On the other hand, Europe is rather in favor of the benign and paternalistic state, working with “societal” interests in mind. Therefore, I would like to […]