tailieunhanh - Lecture Public economics (5th edition) - Chapter 3: Public goods and externalities

When you finish this chapter, you should: Explain the effects of positive and negative externalities with the aid of supply and demand analysis, discuss the policy options to correct for externalities, discuss the relative importance of property rights and transaction costs in market-based approaches to dealing with the problem of externalities, discuss cap-and-trade programmes, provide examples of global or regional public goods and consider some of the relevant policy implications. | OXJORD UNIVERSITY PRESS SOUTHERN AFRICA Public Economics Chapter 3 Public goods and externalities I Oxford University Press Southern Africa Pty Ltd 2011 OXFORD UNIVERSITY PRESS Learning outcomes Explain the effects of positive and negative externalities with the aid of supply and demand analysis Discuss the policy options to correct for externalities Discuss the relative importance of property rights and transaction costs in market-based approaches to dealing with the problem of externalities Discuss cap-and-trade programmes Provide examples of global or regional public goods and consider some of the relevant policy implications. SOUTHERN AFRICA Oxford University Press Southern Africa Pty Ltd 2011 OXFORD UNIVERSITY PRESS Learning outcomes continued Distinguish between private public mixed and merit goods Derive the conditions for the optimal allocation of private public and mixed goods with the aid of supply and demand analysis Explain why competitive markets fail to provide public and mixed goods efficiently Explain the distinction between the financing of public goods and services and their physical production Explain the concept of an externality Identify the main types of externalities. Oxford University Press Southern Africa Pty Ltd 2011 SOUTHERN .