"Bargaining Outcomes and Individual Preferences"
Please respond to the following:
• Bargaining outcomes in a market-related situation are in general indeterminate and not obvious to the parties in the negotiation.
Develop a bargaining situation from which you would conclude that access to market-related information does in fact affect the outcomes.
• Using specific examples, evaluate the difficulty of accurately eliciting people's preferences for public goods.
"Public versus Private Goods"
Please respond to the following:
• Compare the feasibility and efficiency of producing public goods by tax dollars versus producing them jointly with private funds. Support your argument with specific examples.
• Speculate about why people in higher income groups vote for reasons that are borne out of a sense of duty rather than from economic interests
Is it possible that elementary education produces a public good but higher education does not? Explain.
We said that an uncrowded country club golf course has aspects of a public good. Why? Is it still a public good if it becomes crowded and people's games are slowed down?