PLAN103 Lecture Notes - Lecture 8: Demand Curve, Marginal Cost, Marginal Utility
23 Mar 2016
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Must also ensure access is still equitable (cannot price it out of demographics) Rate of paying of the capital cost of the project. Must understand the objective of building the pool either for low income neighbourhood, price lower, higher subsidy . If there is demand exceeding capacity then there are rationing mechanisms based on either time or quantity. Learn about theory behind arguments by blais: need to understand economic theory of what is being advocated before we can discuss limits and implementation, learn to critically analyze policy currently being used in practice. Build a model to explain graphically with pricing public goods. There are incentives we can put in place to charge people less for things and more for others. Let people build on the fringes in the manner they wanted to, lax zoning permitted this. Regulation has not been sufficient to prevent sprawl, continue to allow mispricing.
