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Microeconomic models of externality market, generalized Coase theorem

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Abstract

Three original microeconomic models of an externality market are described: (1) model of the marketable permits for exhalations emission, (2) model of optimal financial satisfaction of a damage caused by a negative externality in the economy with agents maximizing probability of their survival (generalized Coase theorem) and (3) model of optimal financial favor for agents provided a positive externality.