Think about the rival and excludable properties of public goods. To what degree is radio broadcasting a public good? To what degree is a highway a public good?
Answer to relevant QuestionsThink of an example of a free rider problem in your hometown. Can you think of a way for your local government to overcome this problem? Andrew, Beth, and Cathy live in Lindhville. Andrew’s demand for bike paths, a public good, is given by Q = 12 – 2P. Beth’s demand is Q = 18 – P, and Cathy’s is Q = 8 – P/3.The marginal cost of building a bike ...For your senior thesis, you polled your classmates, asking them, “How much would you be willing to pay to double the amount of parking on campus?” Based on their responses, you estimated that your fellow students were ...The city of Animal town plans to build a new bridge across the river separating the two halves of the city for use by its residents. It is considering two plans for financing this bridge. Plan A calls for the bridge to be ...Strattmann (1994) documented a condition of “logrolling” in Congress, in which members of Congress trade votes on one bill for votes on another. Is logrolling efficient, or should it be banned? Explain.
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