6 GOVERNMENT ACTIONS IN MARKETS © 2012 Pearson Addison-Wesley.
1.4 Market failure 1.4a Positive externalities Free markets do not always work to encourage efficient outcomes. Market failure refers to the situation.
The 2011 AP Microeconomics Exams Dave Anderson Centre College Chief Reader.
Andreoni: Cooperation in Public-Goods Experiments: Kindness or Confusion Economics 328 Spring 2005.
Lecture on Household Sorting and municipal differentiation Based on Chapters 13 and 20 in Urban Economics by Arthur OSullivan, 5 th edition and Chapter.
Public Goods & Externalities. Public goods are jointly consumed goods. If one person gets the good, everyone gets it. One persons consumption of the good.
Lecture: Role of Government Chapter 19. Outline Types of Government Intervention Types of Goods Reasons for Public Intervention Government Failure.
Externalities and Public Goods From free-riding to the Coase theorem.
PUBLIC GOODS AND COMMON RESOURCES. THE DIFFERENT KINDS OF GOODS Characteristics of Goods Useful to group various types of goods according to two characteristics.
KRUGMAN'S MICROECONOMICS for AP* Introduction to Externalities Margaret Ray and David Anderson Econ: 74 Module.
Chapter 17(1)
Government Intervention in Price System (core)
