1
Q
What are the six solutions to externality problems?
A
Private bargaining, Corrective taxes and subsidies, Cap and Trade, Laws/rules/regulations/norms, Direct provision of public goods, Assign property rights to solve the tragedy of the commons (PCCLDA - Prime Chrisopher Columbus Loved Destroying Americans)
2
Q
A
Econ 101
flashcards
Decks in class (13)
# Cards
-
Labor Market36
-
Externalities2
-
Why wages vary: workers, jobs, institutions, and discrimination35
-
Comparative Advantage and Gains from Trade (exam2 lec1)20
-
Globalization (exam2 lec2)26
-
Inequality, Poverty, and Social Insurance5
-
Market Structure and Degrees of Market Power (lec1 final)28
-
Price Discrimination and Sophisticated Pricing Strategies (lec2 final)16
-
Entry, Exit, and Long-Run Profitability (lec3 final)8
-
game theory and strategic choices (lec 5-6 final)17
-
advanced game theory (lec 6-7 final)5
-
decisions involving private info (final)9
-
decisions involving uncertainty17
