b. Common-Property Resources
c. Excludable but Non-Rivalrous Goods
d. Public Goods
4. Asymmetric Information
a. Moral Hazard
b. Adverse Selection
5. Summary
F. 16.4 Broader Social Goals
- Income Distribution
- Preferences for Public Provision
- Protecting Individuals from Others
- Paternalism
- Social Responsibility
- A General Principle
G. 16.5 Government Intervention - The Tools of Government Intervention
a. 1. Public Provision
b. 2. Redistribution Programs
c. 3. Regulation - The Costs of Government Intervention
a. Direct Costs
b. Indirect Costs
a. 1. Changes in Costs of Production
b. 2. Costs of Compliance
c. 3. Rent Seeking - Government Failure
a. Decision Makers’ Objectives