复旦大学本科微观经济学common property.pptVIP

Common Property ExternalitiesPublic Goods Main topics externalities inefficiency of competition with externalities market structure and externalities allocating property rights to reduce externalities common property public goods Externalities externality occurs if someones consumption or production activities hurt or help others outside a market well-being of a consumer or production capability of a firm are affected directly by actions of other consumers or firms, rather than indirectly through changes in prices Inefficiency of competition with externalities competitive firms and cons