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LEC 45: Optimal Provision of Public Goods and Bads-III
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In this lecture, we discuss the concept of externality in terms of public goods and the optimal level of public goods to be produced after internalizing the externalities.
KEYWORDS: Public goods; Externalities; Efficient provision; Social gains
Prof. S.P. Singh
Humanities and Social Sciences
IIT Roorkee
KEYWORDS: Public goods; Externalities; Efficient provision; Social gains
Prof. S.P. Singh
Humanities and Social Sciences
IIT Roorkee