Market failures I
Materials for class on Monday, March 18, 2019
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.
Clearest and muddiest things
Go to this form and answer these three questions:
- What was the muddiest thing from class today? What are you still wondering about?
- What was the clearest thing from class today?
- What was the most exciting thing you learned?
I’ll compile the questions and send out answers after class.