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  • Public Goods 181: Application

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    This document discusses economics topics related to public goods including optimal provision of public goods, private provision of public goods, and public provision of public goods. It addresses the free rider problem in private provision and how private providers may overcome this. It also examines how public provision can crowd out private responses and how to measure costs and benefits of public goods through measuring preferences. The document provides highlights, questions and problems, and advanced questions on these topics at the end of chapters.

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    This document discusses economics topics related to public goods including optimal provision of public goods, private provision of public goods, and public provision of public goods. It addresses the free rider problem in private provision and how private providers may overcome this. It also examines how public provision can crowd out private responses and how to measure costs and benefits of public goods through measuring preferences. The document provides highlights, questions and problems, and advanced questions on these topics at the end of chapters.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    Download as pdf or txt
    5 views1 page

    Public Goods 181: Application

    Uploaded by

    penelopegerhard
    This document discusses economics topics related to public goods including optimal provision of public goods, private provision of public goods, and public provision of public goods. It addresses the free rider problem in private provision and how private providers may overcome this. It also examines how public provision can crowd out private responses and how to measure costs and benefits of public goods through measuring preferences. The document provides highlights, questions and problems, and advanced questions on these topics at the end of chapters.

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    © All Rights Reserved
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    of 1

    6.3 The Economics of Smoking . . . . . . . . . . . . . . . . . . . . .

    165
    The Externalities of Smoking 166
    Should We Care Only About Externalities, or Do Internalities Matter Also? 170

    6.4 The Economics of Other Addictive Behaviors . . . . . . . . . . . 173


    Drinking 173
    Illicit Drugs 174
    Application: Public Policy Toward Obesity 174
    Summary 177

    6.5 Conclusion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 177

    Highlights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 178

    Questions and Problems . . . . . . . . . . . . . . . . . . . . . . . . . . 178

    Advanced Questions . . . . . . . . . . . . . . . . . . . . . . . . . . . . 179

    CHAPTER 7 Public Goods . . . . . . . . . . . . . . . . . . . . . . . 181


    7.1 Optimal Provision of Public Goods . . . . . . . . . . . . . . . . 182
    Optimal Provision of Private Goods 183
    Optimal Provision of Public Goods 185

    7.2 Private Provision of Public Goods . . . . . . . . . . . . . . . . . 187


    Private-Sector Underprovision 188
    Application: The Free Rider Problem in Practice 189
    Can Private Providers Overcome the Free Rider Problem? 190
    Application: Business Improvement Districts 190
    When Is Private Provision Likely to Overcome the Free Rider Problem? 192

    7.3 Public Provision of Public Goods . . . . . . . . . . . . . . . . . 194


    Private Responses to Public Provision: The Problem of Crowd-Out 195
    Measuring the Costs and Benefits of Public Goods 197
    How Can We Measure Preferences for the Public Good? 197
    Empirical Evidence: Measuring Crowd-Out 198

    7.4 Conclusion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 199

    Highlights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200

    Questions and Problems . . . . . . . . . . . . . . . . . . . . . . . . . . 200

    Advanced Questions . . . . . . . . . . . . . . . . . . . . . . . . . . . . 201

    APPENDIX TO CHAPTER 7 The Mathematics of Public


    Goods Provision . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 202

    xi

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