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Write an essay (~6-8 pages) on a specific public good or externality -- for example, one described in chapters 5, 6, and 7 of Gruber.
Write an essay (~6-8 pages) on a specific public good or externality -- for example, one described in chapters 5, 6, and 7 of Gruber. You may select a public good or externality that is not mentioned in the text too. In addition to describing and explaining the nature of the market failure, the assignment should analyze and compare alternative approaches to remedying the economic inefficiencies and any distributional issues related to the market failure
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