Microeconomics

Microeconomics

Instructions:
Read again the chapter “Public Goods and Common Resources” in our textbook.
Think about this question: “What is the most obscure example of privatization as a solution of public goods?”
That is, the textbooks shows that sometimes privatization can be an efficient solution of public goods (e. g. elephants). Would it be a solution for roads? For oceans? For police? For army? What is the most obscure according to your opinion?
Find at least one article defending the privatization of the good you have chosen, and at least one article opposing the private solution.
Your text should have the following structure:
Introduce us to the problem of public goods applied to the good you have chosen.
Present and explain the most relevant opposing arguments.
Make your own conclusion about the solution of the case.
Formal requirements:
Cite all the resources used in the reference list at the end of the document. (There is an easy way how to find the proper citation: go to scholar.google.com, find the article or book, then click on “Cite” and then just copy and paste the citation (you can even choose the citation style).)
Your homework must not have less than 1,800 characters or more than 3,600 characters including spaces.
Your text should have a header (with the title, with your name etc.).
Send me the homework only via e-mail as .doc, .docx, or .odt file.
The file should be named “ECO120-4-HW03-YourSurname”. So if your surname is “Chavez” and you are sending the .docx file, it should be named “ECO120-4-HW03-Chavez.docx”.
Important note on plagiarism:
Each time you use somebody else’s thoughts, you have to cite the source. (The source should be cited at two places. First, right after the relevant text (in brackets, or in the footnote), second in the list of references at the end of the document.)
You have to do it even if you just paraphrase. Even paraphrasing without crediting the source falls under plagiarism.
Direct quotation must be always enclosed in quotation marks.