05 Externalities, Environmental Policy, and Public Goods 管理经济学 教学课件.pptVIP

Externalities, EnvironmentalPolicy, and Public Goods Economic Incentives Spur Duke Energy Corporation to Reduce Pollution After studying this chapter, you should be able to: Identify examples of positive and negative externalities and use graphs to show how externalities affect economic efficiency. Discuss the Coase theorem and explain how private bargaining can lead to economic efficiency in a market with an externality. Analyze government policies to achieve economic efficiency in a market with an externality. Explain how goods can be categorized on the basis of whether they are rival and excludable. Define a public good and a common resource, and use graphs to illustrate the efficient quantities of public goods and common resources. Externalities and Efficiency Externalities and Efficiency Externalities and Efficiency Externalities and Efficiency Private Solutions to Externalities: The Coase Theorem The Reduction in Infant Mortality Due to the Clean Air Act Private Solutions to Externalities: The Coase Theorem The Fable of the Bees Private Solutions to Externalities: The Coase Theorem Government Solutions to Externalities Using a Tax to Deal with a Negative Externality Government Solutions to Externalities Government Solutions to Externalities Government Solutions to Externalities Can Tradeable Permits Reduce Global Warming? Four Categories of Goods Four Categories of Goods Should the Government or the Airlines Screen Luggage at Airports? Public Goods and Common Resources Public Goodsand Common Resources Public Goods and Common Resources Determining the Optimal Level of Public Goods Public Goods and Common Resources A Hamstrung Market Fights Global Warming Coase theorem Command and control approach Common resource Excludability Externality Free riding Market failure Pigovian taxes and subsidies Private benefit ? 2006 Prentice Hall Business Publishing Economics R. Glenn Hubbard, Anthony Patrick O’Brien—1st ed. CHAPTER 5: Externalities, Enviro