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More specifically, I show the following: * When all firms are identical, then each firm overinvests if at the first-best level of investment the marginal external cost is smaller than the average external cost.
Divide this figure by the total amount of garbage disposed to obtain the average and therefore constant marginal external cost of disposing waste in a landfill.
By imposing a levy equal to the marginal external costs prevailing in the optimal equilibrium we can shift the equilibrium point from E to H.