曼昆经济学原理(微观部分)第11章公共物品与公共资源重点.ppt

* An example for each bullet point in the context of the brainstorming activity on the previous slide: 1. Transactions costs: Suppose lawyers charge $60,000 to represent the two parties and draw up a contract that is enforceable in a court. Then it will be impossible for both parties to come to a mutually beneficial agreement, and the factory will continue polluting the lake. 2. Stubbornness:Suppose the town offers $55,000 to the factory. The factory would be better off taking this offer than nothing at all, but the factory may counter with a $95,000 price. Both parties hold out in