Market Successes and Failures

Module V

Materials are posted as we go. See the Schedule for dates and assessments.

Lecture 21: Bananas, fish, and cancer: Private vs. social value wedge

Reading: 10.1–10.2

Materials posted closer to the date.

Lecture 22: Closing the wedge: Property rights, bargaining, and regulation

Reading: 10.3–10.5

Materials posted closer to the date.

Lecture 23: Free riders and empty oceans: Public goods and common resources

Reading: 10.6–10.7

Materials posted closer to the date.

Lecture 24: The limits of markets

Reading: 10.8–10.11

Materials posted closer to the date.