4.3.3: Implications of Nonexcludability

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Del curso dictado por Universidad de Pensilvania
Microeconomics: When Markets Fail
227 ratings
Universidad de Pensilvania
227 ratings
De la lección
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.

Conoce a los instructores

  • Rebecca Stein
    Rebecca Stein
    Senior Lecturer
    Economics

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