ECON 2: SPRING 2014: WEEK 4: MONKEYING WITH THE MARKET

What We Do This Week:

Begin Problem Set 2... Read Essentials, chapter 9 "Externalities and PubliC Goods"

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• M Feb 10: Monkeying with the Market
  • Administrivia .key .pdf .ppt
  • Quotas
  • Taxes
  • Permits
• W Feb 12: Externality, Plan, and Market
  • Administrivia
  • Externalities: Introduction
  • Externalities: The Planner's Perspective
  • Externalities and the Plan
  • [Externalities: Mechanics](* Externalities: Mechanics
  • Externalities: Prices vs. Quantities
  • Property Rights
  • Coase Theorem Disutilities
• Section 4: Doing Problems: Supply, Demand, and Market Blockages

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Documents:

• Distorting and Undistorting Competitive Markets: Quotas
• Distorting and Undistorting Competitive Markets: Taxes
• Distorting and Undistorting Competitive Markets: Permits
  • Distorting and Undistorting Competitive Markets: Externalities: Introduction
• Distorting and Undistorting Competitive Markets: Externalities: The Planner's Perspective
• Distorting and Undistorting Competitive Markets: Externalities and the Plan
• Distorting and Undistorting Competitive Markets: Externalities: Mechanics
• Distorting and Undistorting Competitive Markets: Externalities: Prices vs. Quantities
• Further Reading:
  • Friedrich von Hayek, "Competition as a Discovery Procedure"
  • Friedrich von Hayek, "The Use of Knowledge in Society"
  • Roy Radford, "The Economic Organization of a POW Camp"
  • Jeffrey Frankel: The Startling Decline of Market-Based Approaches to Regulation
  • via:http://delong.typepad.com/sdj/2014/02/econ-2-spring-2014-week-4.html