The Maxwell School
Syracuse University
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ECN 431 Public Economics
Web Notes
Here are notes to supplement the textbook on key topics. More may be added during the semester so be sure to check back from time to time.
Combining Marginal Abatement Cost Curves
Congestible Goods
Consumer Surplus
Demand, Willingness to Pay and Marginal Benefits
Hotelling's Theorem
Marginal Social Benefit
Marginal Social Surplus
Minimizing the Cost of Abatement
Pareto Efficiency
Present Value
Probability and Expected Value
Producer Surplus
Rival and Nonrival Goods
Supply and Willingness to Accept
Taxes and Permits Under Uncertainty
Using Data to Determine Parameters
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Peter J Wilcoxen, The Maxwell School, Syracuse University
Revised 03/07/2005
