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Externalities, Public Goods, and Economic Efficiency
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Externalities: Social Benefits and Social Costs
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10:54
Negative Externality and Positive Externality
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14:23
Externalities on the Graph
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Public Solutions to Externalities
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16:25
Public Solutions to Externalities:Command-and-Control Policies and Corrective Pigovian Taxes and Subsidies
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04:07
Public Solutions to Externalities:Quantity Limits
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Four Types of Goods and Two Characteristics
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05:02
Two Characteristics:Rivalry in Consumption and Excludability
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11:08
The Four Types of Goods:Private Goods, Club Goods, Common Resources, and Public Goods
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Public Goods: Demand Curve and Optimal Quantity
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03:52
Demand Curve of a Private Good
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08:18
Demand Curve of a Public Good
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The Free Rider Problem and the Tragedy of the Commons
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06:11
Free Rider Problem
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07:34
Tragedy of the Commons
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