LESON7B - good. Work through numerical example given in...

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

View Full Document Right Arrow Icon
Econ 275 - Public Finance - Winter 1994 - 1/27/94 - Lesson #7 - leson7b.275-- Page -- Admin Have homework available Collect group proposals: give tentative time table for completion of the project. Next reading assignment due tuesday. Past exams on reserve. Discuss Clinton's state of the union address.(15 minutes: I don't have that much lecture material today) What did I think? Public goods (Ch 4) sources: leson7a.475 (pretty good), leson11a.275 Work through graphical example of determining market demand for private goods Work through graphical example of determining demand for public
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: good. Work through numerical example given in Hyman. Illustrate "Lindahl equilibrium", prices vary by individual. This is how it's done theoretically. The next chapter discusses the real decision making process. Follow up questions: What is the fundamental problem with public goods that prevents markets from working efficiently? (answer: the free rider problem) How much of a problem do you think this is? Other Market failures--asymmetric information Explanation & discussion Adverse selection Moral Hazard. Printed:...
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