WEEK 10 "Bargaining Outcomes and Individual Preferences" Please respond to the following: Bargaining outcomes in a market-related situation are in general indeterminate and not obvious to the parties in the negotiation. Develop a bargaining situation from which you would conclude that access to market-related information does in fact affect the outcomes. Using specific examples, evaluate the difficulty of accurately eliciting people’s preferences for public goods. "Public versus Private Goods" Please respond to the following: Compare the feasibility and efficiency of producing public goods by tax dollars versus producing them jointly with private funds. Support your argument with specific examples. Speculate about why people in higher income groups vote for reasons that are borne out of a sense of duty rather than from economic interests Chapter 17 Questions and Problems: 9 and 12 9. Is it possible that elementary education produces a public good but higher education does not? Explain. We said that an uncrowded country club golf course has aspects of a public good. Why? Is it still a public good if it becomes crowded and people's games are slowed down?
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