Figure 1
The figure consists of a model with a large rectangular box that encloses five rectangular text boxes. The box at the top center is labeled “Externality internalisation”. From the bottom of this central box, a single vertical line descends and then branches out into a wide horizontal line. From this horizontal line, four vertical lines descend to lead to four rectangular boxes arranged side by side. From left to right, these rectangular boxes are labeled “Disclosure”, “Rights”, “Mix”, and “Shadow pricing”.The current IR model stocktake and conceptual model for externality internalisation. Note: Mix overlaps with Disclosure and Rights. Source: Adapted from Bebbington et al. (2001, p. 15)