4.3.3: Implications of Nonexcludability

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En provenance du cours de University of Pennsylvania
Microeconomics: When Markets Fail
248 notes
University of Pennsylvania
248 notes
À partir de la leçon
Externalities + Public Goods
Two classic cases of market failure will be defined and explored: externalities and public goods. We will define each case, demonstrate why the market fails to provide the efficient outcome and suggest interventions through either marked design or regulation.

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  • Rebecca Stein
    Rebecca Stein
    Senior Lecturer
    Economics

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