PARAGRAPH EACH NUMBER 1) How does the demand for a pure public good differ from that of
Question:
PARAGRAPH EACH NUMBER
1) How does the demand for a pure public good differ from that of a pure private good? Under what conditions is the output level of a pure public good efficient? 2) How does the free-rider problem affect the effectiveness of voluntary cooperative methods in achieving efficient levels of output for pure public goods?
3) How do congestible public goods differ from pure public goods? How do price-excludable public goods differ from pure public goods? Give some examples of "semipublic goods" that are provided through the marketplace by profit-motivated businesses. Discuss the characteristics of these goods in terms of the excludability of their benefits and the rivalry among consumers for the benefits of given amounts of the goods. 4) Only 10% of viewers of public television make contributions to public television stations. Yet Congress approves budgets that subsidize public television. Why would the typical voter/taxpayer contribute nothing to public television, yet simultaneously want more tax money given to public television? Also explain this voter's overall strategy.
5. make an essay about the relationship of public choice and the concept of political equilibrium.