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What is Public Goods and Externalities Overview about?

The document outlines a lecture on Public Goods and Externalities by Hilary Hoynes at UC Davis, focusing on the characteristics, implications, and optimal provision of public goods. It discusses key concepts such as non-rivalry, excludability, and the Samuelson Rule for efficient allocation of public goods. Additionally, it addresses the challenges of decentralized implementation and the role of empirical evidence in understanding crowd-out effects.

Author

We Rocks

Language

EN