LESON5A - Papa knows best Ch 5 Public goods Pres Bush...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Econ 275 - Public Finance - Fall 1992 - 9/15/92 - Lesson #5 - leson5a.275-- Page -- Outline: Project (10-15 minutes) Handout Timetable (proposal next week, done on first day of Divide up into groups & record: 4-6 people Let divide up alone. 6 Max Then for the remainder pick a topic and ask who would be interested. Alternative? Ch 3- Economic rationale for government Public goods -- discuss in more detail later Externalities Incomplete markets Imperfect information Massive unemployment Redistribution Merit goods--seat belts, airbags, elementary education.
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Papa knows best Ch 5 - Public goods Pres Bush announcement selling National defense to Mercenaries Inc. Privatization. What would happen. Responses Key Characteristics Not possible to exclude Not desirable to exclude(mc of consumption is 0==> price=marginal cost). Tie into discussion of efficiency. Pareto improving to have everyone consume all that is available. Not possible to exclude: discuss, examples Free Rider problem., two example from 380 of prisoner's dilemma. Not desirable to exclude: discuss, examples...
View Full Document

This note was uploaded on 07/08/2010 for the course ECON 275 taught by Professor Mcintyre during the Winter '05 term at BYU.

Ask a homework question - tutors are online