Slide 1Chapter Thirty-Five Public Goods Slide 2 Public Goods -- Definition u A good is purely public if it is both nonexcludable and nonrival in consumption. –Nonexcludable…
Slide 1Chapter Thirty-Five Public Goods Slide 2 u 35: Public Goods u 36: Asymmetric Information u 17: Auctions u 33: Law & Economics u 34: Information Technology u 31:…
Variable Public Good Quantities E.g. how many broadcast TV programs, or how much land to include into a national park. Variable Public Good Quantities E.g. how many broadcast…