N I Dung
N I Dung
N I Dung
Slide 2: Introduction
This overview sets the stage for a deeper dive into each of these
concepts.
Slide 3: Market
Slide 6: Externalities
The free rider problem is when people can enjoy public goods without
paying for them. Since individuals are not incentivized to contribute,
the good is often underproduced.
Clean air is a public good, and achieving clean air requires collective
action. In this case study, we see that as pollution increases, people
are willing to pay more to improve air quality.