Government institutions I

Materials for class on Monday, March 12, 2018



Download the slides from today’s lecture.

First slide

Simulation results

This simulation is an adaptation of “The Paper River,”Gail M. Hoyt, Patricia L. Ryan, and Robert G. Houston, “The Paper River: A Demonstration of Externalities and Coase’s Theorem,” The Journal of Economic Education 30, nos. 2, Spring (1999): 141–47, doi:10.2307/1183268.

with some modifications borrowed from John Whitehead.

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