Description
ECON-642 Public Economics: Discussion 2b Discussion Questions: What is your favorite example of an externality in today’s world? Explain why. Provide a concrete case where you experienced or observed adverse selection. Provide a concrete case where you experienced or observed moral hazar.Externalities
and Asymmetric InformationPowerPoint for Class 4Required Readings:
·
Hindriks and Myles,
Chapter 8 and Chapter 10 (excluding Sections 8.9 and 10.4 to 10.8).
·
Andrew, Brian (2008). Market Failure, Government Failure and Externalities
in Climate Change Mitigation: the Case for a Carbon Tax. Public Administration and Development, Vol. 28, No. 5, pp. 393-401;
available at: http://onlinelibrary.wiley.com/doi/10.1002/pad.517/pdf.ReadingsTextbookHindriks, J., Myles, G. D. (2013). Intermediate public economics (2nd ed.). Cambridge PressChapter 8: ExternalitiesChapter 10: Asymmetric Information (excluding Sections 8.9 and 10.4 to 10.8).Additional ReadingAndrew, Brian (2008) “Market Failure, Government Failure and Externalities in Climate Change Mitigation: the Case for a Carbon Tax”Links to an external site., Public Administration and Development, Vol. 28, No. 5, pp. 393-401.Lecture SlidesModule 2b Lecture Slides (not narrated)Download Module 2b Lecture Slides (not narrated)For the narrated version (Zoom Recording), please go to the “Media Gallery” folder and click on the video you want to watch.