Market failures

Content for week of Monday, July 12, 2021–Friday, July 16, 2021


Other useful resources

I pause during the “Addressing external effects” and tell you to watch a video on cap and trade systems. Here’s that video:


Download the slides from today’s class.

First slide


Videos for each section of the lecture are available at this YouTube playlist.

You can also watch the playlist (and skip around to different sections) here:

  1. The CORE Team, Economy, Society, and Public Policy, 2019, ↩︎

  2. A. Danny Ellerman, “US Experience with Emissions Trading,” CESifo DICE Report 5, no. 4 (2007): 13–16. ↩︎