Property Rights, Externalities, And Environmental Problems必看课件资料.ppt

6. Divergence of Social And Private Discount Rates One difference between private and social discount rates may stem from a difference in social and private risk premiums. 7. Government Failure Government failure （政府失灵）shares with market failure （市场失灵）the characteristic that improper incentives are the root of the problem. Special interest groups use the political process to engage in what has become known as rent seeking（寻租） . 7. Government Failure Rent seeking（寻租） is the use of resources in lobbying and other activities directed at securing protective legislation. Successful rent-seeking act