Market Imperfections: Land and Real Estate Economics
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Examines the interplay between market dynamics and social welfare, highlighting the roles of willingness to pay and willingness to accept in economic models.
Explores regulating market externalities through taxes, subsidies, and tradable quotas to achieve optimal production levels and internalize external costs.
Explores internalizing external costs through taxes and subsidies, market equilibrium effects, and the role of information campaigns in influencing consumer behavior.
Explores the equilibrium in competitive markets, the impact of non-competitive forces, and the role of government intervention in aligning markets with social welfare.
