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Public Finance - Spring 2005

 

From left: George Stigler, Milton Friedman, W. Allen Wallis (photo from

 

 

 

Readings for Friday, February 4 2005

 

 

Harberger, Arnold C. “Monopoly and Resource Allocation” The American Economic Review, Vol. 44, No. 2,

            Papers and Proceedings of the Sixty-sixth Annual Meeting of the American Economic Association.

            (May, 1954), pp. 77-87.

 

Coase, Ronald.  “The Marginal Cost Controversy" Economica, 1946.

 

 

Readings for Friday, February 11, 2005

 

Stigler, George J. and Claire Friedlan.  "What Can Regulators Regulate? The Case of Electricity" Journal of Law

            and Economics, Vol. 5 (Oct 1962), pp. 1-16.

 

Demsetz, Harold.  "Why Regulate Utilities?"  Journal of Law and Economics, Vol. 11, No. 1. 
            (Apr., 1968), pp. 55-65.
 

Readings for Friday, February 18, 2005

Coase, Ronald.  "The Lighthouse in Economics." Journal of Law and Economics, Vol. 17, no. 2.

            (October 1974), pp. 357-76.

 

Reading for Wednesday, February 23, 2005

Coase, Ronald.  "The Problem of Social Cost." Journal of Law and Economics, Vol. 3

            (October 1960), pp. 1-44.  [Abridged Version]

Reading for Monday, February 28, 2005

Cheung, Steven.  "The Fable of the Bees: An Economic Investigation."  Journal of Law and Economics,

            Vol. 16, no. 1. (April 1973), pp. 11-33.

 

Review Material for Midterm

 

Study Guide for the First Half of Semester

 

Old Exam for Practice

 

Guide to the Edgeworth Box Diagram

 

Reading for Friday, March 18, 2005

 

Michael Spence “Job Market Signaling” The Quarterly Journal of Economics, Vol. 87,

            No. 3. (Aug., 1973), pp. 355-374.

 

George A. Akerlof “The Market for "Lemons": Quality Uncertainty and the Market Mechanism”

            The Quarterly Journal of Economics, Vol. 84, No. 3. (Aug., 1970), pp. 488-500.

 

 

Reading for Wednesday, April 20, 2005

 

Stigler, George.  "The Theory of Economic RegulationThe Bell Journal of Economics and

            Management Science, Vol. 2, No. 1. (Spring, 1971), pp. 3-21.

 

Reading for Friday, April 22, 2005

 

Tullock, Gordon. “The Welfare Costs of Tariffs, Monopolies and TheftWestern Economic

            Journal, 5,  (1967).  pp. 224-232.

 

Review Material for Final Exam

 

Study Guide for the Second Half of Semester

 

Old Exam for Practice

 

Guide to the Edgeworth Box Diagram