public_goods-ho

public_goods-ho - Exam Details Common-Pool Resources Public...

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Unformatted text preview: Exam Details Common-Pool Resources Public Goods Common-Pool Resources (Ch 34) and Public Goods (Ch 36) May 28, 2009 Exam Details Common-Pool Resources Public Goods Final Exam Details End-of-quarter festivities Review session: F 6/5 2-4pm HFH 1104 Extra OH: Sun 6/7 4-7pm, TBA Final Exam: T 6/9 Chem 1179 (here) Format: Mult choice + long answers, 3 hours worth Bring: pink ParScore Scantron, pencil Dont bring: blue-book, calculator, visible phone, electronic devices Exam Details Common-Pool Resources Public Goods Final Exam Details Coverage: Olig. (27) + Nash Eq. in matrix games (small part of 28); Exchange/General Eq. (31); Externalities (34); Public Goods (36) Cumulative only to the extent that new material builds on old How to study: do workouts/quizzes, come to OH with questions Next Thursdays class: review/sythesis. Will revisit important topics/messages Grading: see syllabus Exam Details Common-Pool Resources Public Goods Common-Pool Resources and Public Goods What do these goods/resources have in common? Fisheries (Public) freeways National Security Broadcast radio/tv Clean air National parks If anyone has access to the resource or can consume the good, then everyone can. E.g. you cant prevent someone from breathing air or receiving radio waves. Exam Details Common-Pool Resources Public Goods Public Resources and Public Goods What do these goods/resources have in common? Fisheries (Public) freeways National Security Broadcast radio/tv Clean air National parks We call these types of goods non-excludable because all consumers can consume them. Exam Details Common-Pool Resources Public Goods Common-Pool Resources Some of these goods are like regular goods in that one persons consumption detracts from others use E.g. fisheries can be overfished, public pastures can be overgrazed, freeways can be congested These types of goods are rival in consumption Goods that are non-excludable, yet rival in consumption are known as commons, or common-pool resources Exam Details Common-Pool Resources Public Goods Common-Pool Resources Problem: property rights are not well defined The Tragedy of the Commons...
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This note was uploaded on 12/26/2011 for the course ECON 100B taught by Professor Kilenthong during the Fall '08 term at UCSB.

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public_goods-ho - Exam Details Common-Pool Resources Public...

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