The government rations a variety of publicly provided private goods and impure public goods in which there
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The government rations a variety of publicly provided private goods and impure public goods in which there is congestion in a variety of ways. Discuss how each of these is rationed, and consider the effect of alternative rationing systems:
a. Public higher education
b. Health services in the United Kingdom
c. Yellowstone National Park What happens to a publicly provided good in which congestion can occur (e.g., a highway or swimming pool on a hot, sunny day), but no direct rationing system is employed?
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Rationing of publicly provided private goods and impure public goods especially those with congestion involves the allocation of these resources among the population Different approaches can be used t...View the full answer
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Related Book For
Economics Of The Public Sector
ISBN: 9780393925227
4th Edition
Authors: Joseph E. Stiglitz, Jay K. Rosengard
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