This preview shows page 1. Sign up to view the full content.
Unformatted text preview: 11-08-07 Econ Flu Shot 2 other Government ways of reaching social optimal o o Public prison Subsidy to producer of the flu shot Common resources Resource that was not clearly declared so no incentive Tragedy of the commons o Absence of incentives to prevent the over use and depletion of a commonly owned resource. if price is lower then it should people will buy the flu shot. Tax payers will cover the difference if the government covers it. ...
View Full Document
- Spring '09
- for got