Slide 1 Towards a spatially and socially explicit Chinese agricultural policy model: A welfare approach M.A. Keyzer Lecture 3 Presentation available: www.sow.vu.nl/downloadables.htm…

Slide 1 Applied general equilibrium models: Theoretical part M.A. Keyzer and C.F.A. van Wesenbeeck Slide 2 Overview of course 1.Introduction (Chapter 1,2, (3)) 2.Applied…

Slide 1 Multi-Item Auctions 1 Slide 2 Many auctions involve sale of different types of items Spectrum licenses in different regions, seats for a concert or event, advertising…

Slide 1 Chapter 36 Public Goods Suppose there are two nonsmokers and one smoker. Even if nonsmokers are entitled to clean air, they first have to agree among themselves how…

Towards a spatially and socially explicit Chinese agricultural policy model: A welfare approach M.A. Keyzer Lecture 3 Presentation available: www.sow.vu.nl/downloadables.htm…

* Intermediate Microeconomic Theory Externalities * Markets and Efficiency We have seen that markets can provide an efficient mechanism for allocating scarce resources. However,…