Day: February 21, 2013

Lecture 3.2: Externalities

In this half of the lecture we look at externalities and a few mechanisms to lessen their impact. Lecture 3.2 Externalities

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Lecture 3.1: Welfare

In this half of the lecture we introduce social welfare functions and analyse their origins and their optima. We also look at the economics of voting. Lecture 3.1 Welfare

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