Ec248 exam prep questions Study guides, Class notes & Summaries

2 gov't options to improve social welfare in the presence of externalities - pigouvian tax/subsidy coasian bargaining two conditions of the coase theorem - 1. property rights are well defined 2. transaction/bargaining costs are low 3 reasons why physicians are not perfect agents of care - 1. overutilization of care 2. physician-induced demand/ defensive medicine 3. racial discrimination 3 types of hospital-physician relationships - 1. "physician's workbench": not directly employed b...