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Unformatted text preview: Chapter 17 Application of the Competitive Model: Externalities and Public Goods Topics: Externalities. Public Goods. The (partial) competitive equilibrium is inefficient. Ways to solve the problem (Taxes, Subsidies, Quotas). Chapter 10 General Equilibrium Topics: Edgeworth Box, Pareto Efficiency, Dictator, Simple Bargaining, Competitive Equilibrium, First Welfare Theorem, Second Welfare Theorem, Production, Comparative Advantage. Not covered are the following subsections of the Book: Chapter 6 Elasticity of Substitution, Productivity and Technological Change Chapter 7 How Learning reduces Costs, Costs of Producing Several Goods Chapter 17 "Monopoly and Externalities," "Coase Theorem," and "Optimal Provision of Public Goods"....
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This note was uploaded on 12/10/2011 for the course ECON 401 taught by Professor Burbidge,john during the Winter '08 term at Waterloo.
- Winter '08
- Economies Of Scale