经济

问题如下：

Sengupta’s views regarding potential pollution from the mining district are most consistent with which of the following?

选项：

A.The Coase theorem B.Regulatory capture C.Regulatory arbitrage

解释：

Solution

A is correct. Sengupta’s endorsement of an exchange that trades “pollution rights” is consistent with the Coase theorem. The Coase theorem states that if an externality can be traded and there are no transaction costs, then the allocation of property rights will be efficient and the resource allocation will not depend on the initial assignment of property rights

B is incorrect. Regulatory capture occurs when the regulators begin to act in the interests of the business being regulated, rather than in the general interest.

C is incorrect. Regulatory arbitrage occurs when more than one regulator impacts an entity, and that entity attempts to “play” one regulatory body against another.

中文解析：

A是正确的。森古普塔对交易“污染权”的交易所的支持与科斯定理是一致的。科斯定理认为，如果一种外部性可以交易，且不存在交易成本，那么产权的配置将是有效的，资源配置将不依赖于产权的初始分配

选项B不正确。当监管者开始从被监管企业的利益出发，而不是从整体利益出发时，监管俘获就发生了。

C是不正确的。当不止一个监管机构影响一个实体，而该实体试图“玩弄”一个监管机构对抗另一个时，就会发生监管套利。