微观经济学教学课件：Ch16-Public Goods and Common Resources.pptVIP

After studying this chapter you will be able to Distinguish among private goods, public goods, and common resources Explain how the free-rider problem arises and how the quantity of public goods is determined Explain the tragedy of the commons and its possible solutions Free Riding and Overusing the Commons Why does government provide some goods and services such as the enforcement of law and order and national defense? Why don’t we let private firms produce these items and leave people to buy the quantities they demand? Ocean fish are a common resource that everyone is free to take. Are our f