*Mark R. Isaac, Kenneth F. McHugh, and Charles R. Plott, Goods Provision in an “Public Experimental Environment,” vol. 26, no. 1 (February 1985), pp. Journal of Public Economics, 51-74 (on LATTE). September 1 Questions for first paper will be handed out in class and put on Latte in the evening. Paper will be due at midnight on Tuesday, October 3. Why do private markets sometimes fail to satisfy our economic needs and TOPIC 1 (continued) wants? Some further theoretical considerations: asymmetric information, adverse selection, moral hazard. Background in health insurance that you might have gained from other courses will come in handy. Jonathan Gruber, 4th ed., Worth Publishers (New York: Public Finance and Public Policy, 2013), pp. 328-334 (on LATTE). Rosen and Gayer, pp. 176-192 (read Gruber selection first). (9th ed. pp. 180-196.) 2. In a federal system like that of the United States, which level of government should do what, especially if economic efficiency is the primary goal? Congressional Budget Office, March 5, 2013. . Federal Grants to State and Local Governments, September 8—No Class (Brandeis Monday) READINGS FOR FIRST PART OF CLASS ON SEPTEMBER 15 (Continuation of Topic 2) Rosen and Gayer, pp. 497-510. (9th edition, pp. 505-519.) Richard A. Musgrave and Mitchell Polinsky, Sharing—A Critical Review,” in “Revenue Financing and Local Governments, Conference 3, Federal Reserve Bank of Boston, June 14-16, 1970, pp. 17-19. http://www.bos.frb.org/economic/conf/conf3/conf3c.pdf (Also on Robert Tannenwald, in the United States in Theory and Practice,” in Fiscal Rules, “Devolution Proceedings of a Conference Organized by the Central Bank of Italy, February 3, 2001, Perugia, Italy, pp. 739-741. (ON LATTE) Tim Logan, Boom Isn’t Hitting the Boston Suburbs,” Boston Globe, May 13, 2016. “Housing
*Mark R. Isaac, Kenneth F. McHugh, and Charles R. Plott, “Public Goods Provision in an Experimental Environment,” Journal of Public Economics, vol. 26, no. 1 (February 1985), pp. 51-74 (on LATTE). September 1 Questions for first paper will be handed out in class and put on Latte in the evening. Paper will be due at midnight on Tuesday, October 3. TOPIC 1 (continued) Why do private markets sometimes fail to satisfy our economic needs and wants? Some further theoretical considerations: asymmetric information, adverse selection, moral hazard. Background in health insurance that you might have gained from other courses will come in handy. Jonathan Gruber, Public Finance and Public Policy, 4th ed., Worth Publishers (New York: 2013), pp. 328-334 (on LATTE). Rosen and Gayer, pp. 176-192 (read Gruber selection first). (9th ed. pp. 180-196.) 2. In a federal system like that of the United States, which level of government should do what, especially if economic efficiency is the primary goal? Congressional Budget Office, Federal Grants to State and Local Governments, March 5, 2013. . September 8—No Class (Brandeis Monday) READINGS FOR FIRST PART OF CLASS ON SEPTEMBER 15 (Continuation of Topic 2) Rosen and Gayer, pp. 497-510. (9th edition, pp. 505-519.) Richard A. Musgrave and Mitchell Polinsky, “Revenue Sharing—A Critical Review,” in Financing and Local Governments, Conference 3, Federal Reserve Bank of Boston, June 14-16, 1970, pp. 17-19. http://www.bos.frb.org/economic/conf/conf3/conf3c.pdf (Also on Robert Tannenwald, “Devolution in the United States in Theory and Practice,” in Fiscal Rules, Proceedings of a Conference Organized by the Central Bank of Italy, February 3, 2001, Perugia, Italy, pp. 739-741. (ON LATTE) Tim Logan, “Housing Boom Isn’t Hitting the Boston Suburbs,” Boston Globe, May 13, 2016.
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