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Chapter 20 Chapter 20

Externality Externality

Interfirm Externalities Interfirm Externalities

Beneficial Externalities Beneficial Externalities

Externalities in Utility Externalities in Utility

Public Goods Externalities Public Goods Externalities

Externalities and Allocative Inefficiency Externalities and Allocative Inefficiency

Externalities and Allocative Inefficiency Externalities and Allocative Inefficiency

Externalities and Allocative Inefficiency Externalities and Allocative Inefficiency

Externalities and Allocative Inefficiency Externalities and Allocative Inefficiency

Externalities and Allocative Inefficiency Externalities and Allocative Inefficiency

Finding the Efficient Allocation Finding the Efficient Allocation

Finding the Efficient Allocation Finding the Efficient Allocation

Finding the Efficient Allocation Finding the Efficient Allocation

Finding the Efficient Allocation Finding the Efficient Allocation

Finding the Efficient Allocation Finding the Efficient Allocation

Inefficiency of the Competitive Allocation Inefficiency of the Competitive Allocation

Inefficiency of the Competitive Allocation Inefficiency of the Competitive Allocation

Production Externalities Production Externalities

Production Externalities Production Externalities

Production Externalities Production Externalities

Production Externalities Production Externalities

Production Externalities Production Externalities

Production Externalities Production Externalities

Production Externalities Production Externalities

Production Externalities Production Externalities

Solutions to the Externality Problem Solutions to the Externality Problem

Solutions to the Externality Problem Solutions to the Externality Problem

Solutions to the Externality Problem Solutions to the Externality Problem

A Pigouvian Tax on Newsprint A Pigouvian Tax on Newsprint

A Pigouvian Tax on Newsprint A Pigouvian Tax on Newsprint

Taxation in the General Equilibrium Model Taxation in the General Equilibrium Model

Taxation in the General Equilibrium Model Taxation in the General Equilibrium Model

Taxation in the General Equilibrium Model Taxation in the General Equilibrium Model

Pollution Rights Pollution Rights

Pollution Rights Pollution Rights

Pollution Rights Pollution Rights

The Coase Theorem The Coase Theorem

The Coase Theorem The Coase Theorem

The Coase Theorem The Coase Theorem

The Coase Theorem The Coase Theorem

Attributes of Public Goods Attributes of Public Goods

Attributes of Public Goods Attributes of Public Goods

Attributes of Public Goods Attributes of Public Goods

Public Good Public Good

Public Goods and Resource Allocation Public Goods and Resource Allocation

Public Goods and Resource Allocation Public Goods and Resource Allocation

Public Goods and Resource Allocation Public Goods and Resource Allocation

Public Goods and Resource Allocation Public Goods and Resource Allocation

Public Goods and Resource Allocation Public Goods and Resource Allocation

Failure of a Competitive Market Failure of a Competitive Market

Failure of a Competitive Market Failure of a Competitive Market

Inefficiency of a Nash Equilibrium Inefficiency of a Nash Equilibrium

Inefficiency of a Nash Equilibrium Inefficiency of a Nash Equilibrium

The Roommates’ Dilemma The Roommates’ Dilemma

The Roommates’ Dilemma The Roommates’ Dilemma

The Roommates’ Dilemma The Roommates’ Dilemma

The Roommates’ Dilemma The Roommates’ Dilemma

The Roommates’ Dilemma The Roommates’ Dilemma

The Roommates’ Dilemma The Roommates’ Dilemma

The Roommates’ Dilemma The Roommates’ Dilemma

Lindahl Pricing of Public Goods Lindahl Pricing of Public Goods

Lindahl Pricing of Public Goods Lindahl Pricing of Public Goods

Lindahl Pricing of Public Goods Lindahl Pricing of Public Goods

Lindahl Pricing of Public Goods Lindahl Pricing of Public Goods

Shortcomings of the Lindahl Solution Shortcomings of the Lindahl Solution

Important Points to Note: Important Points to Note:

Important Points to Note: Important Points to Note:

Important Points to Note: Important Points to Note:

Important Points to Note: Important Points to Note:

Important Points to Note: Important Points to Note: