This lecture focuses on microeconomic modeling of market failures resulting from negative and positive externalities (with the aim of applying these concepts to environmental and sustainability contexts). We cover marginal damage (negative externalities) as well as public goods (positive externalities) and an introduction to open-access resources (common pool resources and the tragedy of the commons).
Whiteboard notes for this lecture can be found at: https://www.dropbox.com/s/wn2jbapl09iomdi/LectureC7-2020-10-08-Market_Failures_in_Environmental_Realm-Part_2.pdf?dl=0
No comments:
Post a Comment