Economic policy and market regulation part 3
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Economic Policy and Market Regulation Part 3. Dr. Stefan Kooths BiTS Berlin (winter term 2013/2014) www.kooths.de/bits-ep. Outline. Introduction and Overview Market Mechanisms and Government Interventions Externalities and Public Goods Technological externalities

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Economic policy and market regulation part 3

Economic Policy and Market RegulationPart 3

Dr. Stefan Kooths

BiTS Berlin(winter term 2013/2014)

www.kooths.de/bits-ep


Outline
Outline

  • Introduction and Overview

  • Market Mechanisms and Government Interventions

  • Externalities and Public Goods

    • Technological externalities

    • Public goods and common resources

  • Competition Policy and Regulation

  • Ordoliberalism and the Social Market Economy

  • Summary: The Key Lessons Learnt







Moral suasion
Moral suasion




Pigou taxes subsidies
Pigou-taxes/subsidies

Arthur Cecil Pigou(1877—1959)



Bargaining the coase theorem
Bargaining: The Coase theorem

Ronald Coase(1910—2013)


Outline1
Outline

  • Introduction and Overview

  • Market Mechanisms and Government Interventions

  • Externalities and Public Goods

    • Technological externalities

    • Public goods and common resources

  • Competition Policy and Regulation

  • Ordoliberalism and the Social Market Economy

  • Summary: The Key Lessons Learnt





Managing collective goods quantities prices and willingness to pay
Managing collective goods: Quantities, prices, and willingness to pay