Slide 1Markets and efficiency Today: Why controlling the market is often bad for efficiency Slide 2 Rent control in Isla Vista Who thinks it is a good idea? Why? Who thinks…
Slide 1CH 4 Review Game Slide 2 A change in price can result from I.A change in demand II.A change in supply A)I only B) II only C) Both I and II D) Neither I nor II Slide…
Name: __________________________ Date: _____________ 1. If prices are not allowed to rise because of a price ceiling, then A) prices do not provide the correct information…
Game Theory (Microeconomic Theory (IV)) Instructor: Yongqin Wang Email: [email protected] School of Economics and CCES, Fudan University December, 2004 1.Static Game…
Updated: 8 Feb 2012 ECON 635: PUBLIC FINANCE Lecture 8 Topics to be covered: Trade Taxes Import Duties Tariff without Domestic Production Tariff with Domestic Production…