'Utility possibility' diaporamas de présentation

Welfare: Efficiency

Prerequisites. Almost essential Welfare: Basics. Welfare: Efficiency. MICROECONOMICS Principles and Analysis Frank Cowell . December 2006 . Welfare Principles. Try to find general principles for running the economy. May be more fruitful than the constitution approach.

593 views • 34 slides

Developing Principles in Bargaining

Developing Principles in Bargaining. Motivation. Consider a purely distributive bargaining situation where impasse is costly to both sides How should we determine who gets what? Are there principles both sides can agree to that can help lead to agreement.

488 views • 33 slides

Are you a Rotten Kid?

388 views • 21 slides

Lecture 7

Lecture 7. Government failure Readings: T. Besley, Principled Agents?, chapter 2. Government intervention. Scope for government intervention in the economy exists when individuals fail to reach a good outcome on their own (when there is a market failure)

473 views • 17 slides