第18章外部性与公共物品解说.ppt

Chapter 1 Chapter 18 Externalities and Public Goods Topics to be Discussed Externalities Ways of Correcting Market Failure Externalities and Property Rights Common Property Resources Topics to be Discussed Public Goods Private Preferences for Public Goods Externalities Negative Action by one party imposes a cost on another party Positive Action by one party benefits another party External Cost Scenario Steel plant dumping waste in a river The entire steel market effluent can be reduced by lowering output (fixed proportions production function) External Cost Scenario Marginal External Cost (MEC