Part II of International
Relationships: Responses to International Challenges thru Relationships
No.
8, June 22 Public Goods and Externalities: When
Markets Fail
Reading:
Chapter 19 from Edwin Mansfield et. al., Managerial
Economics, 6th Edition (Norton: 2005).
Public Goods and Externalities
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Activity: Public Good (Voluntary Provision) Game: LOGON
to the VECONLAB.
No.
9, June 23 Markets and Externalities: Re-Harnessing Markets When
they Fail
Reading:
“The Problem of Social Cost,” by Ronald Coase,
available online: Coase’s
Famous Paper on Externalities
"Coase's Penguin" (Brilliant – Coasian
Perspective on New Prop. Rights)
Activity:
Pollution Charge Game: A Game of
Externalities
No.
10, June 25 Game Theory for Public Goods and Externalities: Market, Government, or
Community?
Reading: Chapter 14 from Edwin Mansfield et. al., Managerial Economics; Chapters 1-3 from The Art of Strategy by Dixit and Nalebuff (Norton: 2008).
A Brief Introduction to Game Theory Foggy Business: Strategy, Time, and Perception
(Military Analogies: Sun Tzu - Clausewitz)
Spreadsheet: convergence to Cournot-Nash Equilibrium
Activity: Ways to “Solve” the Prisoner’s Dilemma: LOGON
to the VECONLAB.
No.
11, June 26 Sustainability and Development: Social Relationships as
Collateral
Reading: Chapters 3 & 4 from Yunus, Creating a World without Poverty (Public Affairs, 2009)
Activity:
Enculturation Game
No.
12, June 29 Sustainability and Development: The View from the Bottom of the Pyramid
Reading: Chapters 1 & 2 from Prahalad,
Fortune at the Bottom of the Pyramid (Wharton, 2004)
Activity: Price_Discrimination_Game
No.
13, July 1 Sustainability and
Finance: Money is a Social Relationship
Reading:
Cassidy New Yorker piece Keynes and the Bretton Woods
Conference, available online.
Activity:
Exchange Game
No.14,
July 2 Sustainability and the Global Commons: A Smaller World
Reading:
The Stern Report, available online
Activity:
Final Exam