Foundations of the Regulatory State
Last updated: Monday, 18-Apr-2005 21:12:30 EDT
Assignment for the week of April 18.
Remember that the fourth memo assignment is due Wednesday, April 20 at 5 pm, for those of you who are completing it. I will hold regular office hours as scheduled on Tuesday the 19th and Thursday the 21st, and after that will be available by appointment. To set up an appointment, just e-mail me.
- On Tuesday the 19th, after completing leftover material, we will discuss how price controls (whether imposed by government or private authorities) affect the market for health care and insurance. The relevant coursepack readings are at pp. 1011-1039. The Hayek reading is abstract, but is conceptually important and relates to our previous discussions of information failure; you will find it most useful if you focus on his sections V and VI (pp. 1015-18) and treat the rest as optional elaboration. The Friedman excerpt provides a more standard economic treatment of the price control issue. As you read it you should also ask yourself who gains distributionally from price controls, a question on which the author does not focus. If we have time, we will use the two Tierney op-ed pieces as an example for class discussion.. Panels 1 and 2 will be on call.
- On Thursday the 21st, after completing leftover material, we will turn to the problem of conflict of interest in medical decisionmaking. You should read pp. 1040-1071, of which the Arrow excerpt at p. 1040 should be read for general background, and the Rosenbaum and Swarz excerpts at p. 1062 et seq. will serve as the focus of class discussion. Panels 3 and 4 will be on call.
In discussion, we will focus on the following two questions: (1) how well do the internal pricing systems of managed-care organizations perform as compared to government price regulation on the one hand, and unregulated market pricing on the other? (2) How well does managed care handle the fiduciary problem that arises out of health care providers' superior knowledge regarding the need for their services in specific cases?
- On Friday the 22nd, the last day of class, we will discuss current proposals for restructuring Social Security retirement insurance. The assigned readings are drawn from the most recent issue of the Economists' Voice, and can be reached at http://www.bepress.com/ev/vol2/iss1. The entire class will be on call for discussion.
You are welcome to read as much of the issue as you wish [the essays are only 6-7 pages long and quite readable], but you are expected to read at least the essays by Edward Lazear ("The Virtues of Personal Accounts for Social Security") and Joseph Stiglitz ("Securing Social Security for the Future"). If you are inclined to read more, I would next recommend the essays by Peter Diamond and Peter Orszag ("Saving Social Security: The Diamond-Orszag Plan") and Michael Boskin ("Straight Talk on Social Security Reform").
Assignment for the week of April 11.
We will spend this week and next on the fourth and final unit of the course, which deals with the subject of health and welfare policy. The final volume of the coursepack is available for download from the courseweb server, and in hard copy at Printing Services. The final memo assignment will be made available on the afternoon of Monday, April 11. Please note that if you have completed all of the three previous memos, this assignment is optional, but we will be happy to give comments on your fourth memo if you are interested in extra practice and feedback.
On Tuesday the 12th, we will discuss basic issues relating to health policy, with a focus on issues of distributional equity and political economy. You should read pp. 915-950, focusing on the Reinhardt-Epstein exchange at pp. 922-937, and to a lesser extent on the Jacobs excerpt at p. 938. The Cutler excerpt at p. 915 is assigned as general background reading. Panel 2 will be on call.
In considering Reinhardt and Epstein's arguments, you may find it helpful to recall or review our discussions from the first weeks of class on the normative goals of efficiency, equity, and liberty; as well as our more recent discussions of environmental justice.
On Thursday the 14th, we will turn to a discussion of the market for private health insurance, focusing on whether and how regulation could improve its performance. You should read pp. 951-978; and you will also find it useful in your reading and preparation to recall and compare our previous discussions of workers' compensation insurance. In class discussion we will focus on the Chollet and Lewis excerpt at p. 956, and on the HIPAA example at p. 973. Panel 3 will be on call.
- On Friday the 15th, appropriately enough, we will discuss how tax policy and budgetary policy operate as regulatory instruments in the health care area. You should read pp. 979-1010; in class discussion we will focus on the issue of medical savings accounts, discussed by Thorpe at p. 1005. Do not worry about the details of the calculations in the Thorpe article; I will provide a handout that explains them. Panel 4 will be on call.
Assignment for the week of April 4.
This week we will complete the environmental unit of the course. There will be no regular class meetings on Thursday or Friday, but we will run TA sessions on Thursday afternoon. Please watch your e-mail for information for the fourth coursepack volume, which will be made available by midweek, and for the fourth memo assignment, which will be made available on Monday, April 11.
On Tuesday the 5th, we will discuss two alternative approaches to regulation that have seen increasing development in recent years: regulatory negotiation and rolling-rule regulation. You should read the portions of the Caldart/Ashford article that deal with regulatory negotiation generally and with its application at EPA (pp. 859-872, 881-885, and 885-894), and the entire Karkkainen/Sabel/Fung article (pp. 895-913). Caldart and Ashford's discussion of regulatory negotiation at OSHA (pp. 872-881, 885) is optional reading. Panel 1 will be on call.
Assignment for the week of March 28.
Remember that the third memo assignment is due Monday, March 28 at 5 pm. Please also note that on Thursday and Friday of this week, we will meet in our old room, JG 101, due to admitted students day. Bring your loudest voices! In addition, Friday's class will begin at 9 am, and will end at 10:15 am.
On Tuesday the 29th, we will discuss the regulatory issues raised by a federal system, including the policy arguments for and against regulating at a federal as opposed to a local level. The relevant pages are 739-775 in the coursepack. In preparing for class discussion, you should ask yourself the following questions: (1) is the race-to-the-bottom problem [if it is a problem] more a matter of market failure, or political failure? (2) How do problems of the second-best relate to the issue of interstate regulatory competition? (3) How do Revesz and Engel's arguments apply to other fields of regulation and public policy, including welfare policy and products liability? Panel 2 will be on call.
On Thursday the 31st, we will consider the case for and against marketable pollution permits, the policy established by the 1990 Clear Air Act Amendments. The relevant pages are 775-802, but the excerpt by Carol Rose at 796-802 may be given lesser priority. In discussion, we will take up the questions at pp. 793-94, and then move to a fuller discussion of the Bolling cartoon at p. 795. Finally we will discuss the political economy question: what changed politically between 1977 and 1990 to make a market-based system politically feasible? Panel 3 will be on call.
On Friday, April 1, we'll considerthe actual operation of the emissions trading program established by the 1990 Clear Air Act Amendments. You should read pp. 803-821 and 833-851. Our discussion will focus on the gaps between how the program was intended to operate in theory, and how it turned out to operate in practice. Panel 4 will be on call.
Assignment for the week of March 21.
The week after spring break we will continue our focus on environmental policy. There will be a Thursday afternoon TA session on th 24th; the TA's will send e-mail over the weekend describing what they plan to cover. In addition, the third memo assignment will be made available on Monday the 21st, and will be due at the end of the day on Monday, March 28th. Feedback on the second memo assignment is now available.
On Tuesday the 22nd, we will discuss environmental policy from the perspective of positive political theory. The assigned reading is pp. 632-662. In your reading, you should consider to what extent the theoretical framework presented by Keohane et al. applies to the specific case study discussed by Ackerman and Hassler. In particular, ask yourself  why the legislators who designed the Clean Air Act Amendments of 1977 did not or could not put together a more innovative and flexible regulatory arrangement, and  how might the environmentalist supporters of the amendments might have responded to the Ackerman/Hassler critique. Panel 3 will be on call.
On Thursday the 24th, ,we will discuss the issue of environmental justice. You should read pp. 663-707, but if you are pressed for time, you may treat skim or otherwise treat as lower priority the Kuehn excerpt from p. 692 on, but I recommend that you at least look at Kuehn's pp. 689-691, which sets out some distinctions that will figure importantly in our discussion. Panel 4 will be on call.
On Friday the 25th, after finishing leftover material, we will turn our attention from normative to institutional issues, and will consider the relative merits of rule-like and standard-like regulatory instruments, both in the environmental setting, and generally. You should read pp. 707-739; we will spend most [though not all] of our class discussion on the Ackerman-Stewart/Latin debate. Panel 1 will be on call.
Assignment for the week of March 7.
This week we will begin the third major unit of the course, dealing with environmental policy, which will last us through the next few weeks. Volume 3 of the coursepack will be available soon at Printing Services and is available now in PDF format online.
On Tuesday the 8th, we will complete our discussion of cost-benefit analysis. The focus will be on specific techniques that can be used in the regulatory context for taking account of monetary and non-monetary considerations. You should reread the material assigned for last time, and consider in particular the four techniques discussed by Viscusi and Mendeloff -- the human capital, market differential, contingent valuation, and cost-effectiveness approaches -- in light of the criticisms articulated by Anderson in the coursepack excerpt and by some of you in class discussion. Panel 4 will be on call.
On Thursday the 10th, ,we will discuss economic perspectives on environmental policy. The relevant coursepack pages are 573-602. The Hardin and Coase readings are most important; however, you should take time to consider the questions at p. 600 et seq. The Baird et al. reading at 578 is optional. Panel 1 will be on call.
There will be no Thursday afternoon TA session this week.
On Friday the 11th, we will discuss non-economic perspectives on environmental policy; the relevant coursepack pages are 603-631. The excerpts in this section reflect a variety of normative positions; and as you read them you may find it helpful to try to relate them to the basic normative concepts we discussed in the first weeks of class. In class discussion, after exploring these ideas at a general conceptual level, we will apply them to the current policy debate over waste recycling in New York City. Panel 2 will be on call.
Assignment for the week of February 28. We will spend this week discussing various aspects of command-and-control regulation of workplace safety, including deployment of enforcement resources, the choice of the substantive standard for regulation, and the role of cost-benefit analysis. Note the special location for our Thursday class.
- On Tuesday the 1st, we will begin by discussing OSHA's problematic history of regulatory enforcement, and what might be done to improve it. We will then turn to the question of the substantive standard for regulation, and we will start by discussing the two Supreme Court cases that interpret OSHA §§ 3(8) and 6(b)(5): Cotton Dust and Benzene. In the later part of class we will turn to the topic of cost-benefit analysis. You should read up to page 500 [not including Les v Reilly]. Panel 1 will be on call.
- On Thursday the 3rd, we will meet in JGH 102, because our usual room is being used for a special event for admitted students. We will continue discussing cost-benefit analysis, with emphasis on how it operates in practice. You should read up to page 524, treating the article by Gold et al. at p. 504 as optional background reading.) In class, we will start by discussing Les v. Reilly (500), and we'll then turn to the question of how values of life and health might rationally be incorporated into cost-benefit analysis or analogous procedures. The later part of our discussion will focus on the argument, made by Jon Mendeloff at p. 516 that current regulatory practice is irrational because the value implicitly placed on life and health (as measured by the material costs that we are willing to expend in order to achieve health and safety benefits) varies tremendously across regulatory fields and even across different regulations in the same field. Here are some questions to consider in connection with the readings: (1) How might the pattern of regulations described by Mendeloff be defended; and (2) if you reject the approach to valuing life and health proposed by Viscusi and Mendeloff, what alternative procedure would you recommend for deciding how much resources are to be devoted to health and safety regulation? Panel 2 will be on call.
At 3 pm on Thursday, we will run two TA-led sessions; information about these sessions will be sent via e-mail.
- On Friday the 4th, after completing leftover material, we will discuss critiques of cost-benefit analysis, and of existing regulatory practice in the field of occupational safety and health. You should read up to page 549. We will start by discussing Heinzerling's critique of Morrall and Donohue's counter-critique of Heinzerling, and if there is time, we will turn to Anderson's more general critique of cost-benefit analysis as an administrative procedure. As you do the readings, you should consider what kinds of institutional arrangements would actually promote the values for which the authors argue. You should also consider whether there exists any conceivable institutional arrangement that could simultaneously address the concerns of all three authors. Panel 3 will be on call.
Week of February 22. As we discussed in class, we will hold a makeup class on Thursday afternoon, from 3-3:50 pm in our regular room. In addition, the second memo assignment is now available. It is due, via e-mail, by 5 pm next Friday, Feb. 25.
- On Tuesday, February 22, we will discuss Radin's article, "Market-Inalienability," and will discuss the issues indicated on last week's assignment. Panel 1 will be on call.
- On Thursday, February 24, we will discuss legal and regulatory strategies for remedying information failures. The relevant coursepack pages are 396-426. In class discussion, we will first briefly discuss the OCAW v. NLRB case, and then turn to a more sustained discussion of OSHA's Hazard Communication Standard. You should have a look at the standard itself at pp. 405 et seq., and then read more carefully Baram's summary and analysis of it at p. 415. Panel 2 will be on call.
In the afternoon makeup session, we will consider (and compare) how the tort and workers' compensation systems address the problems of workplace safety and health. Here I have given you quite a bit of background material to read, but not all of it is equally important. The relevant coursepack pages are 427-466; in your class preparation, you should focus in particular on pp. 437-453 [the Weiler article and following notes]. Panel 3 will be on call.
- On Friday, February 25, we will meet from 9:00-10:15 am, and will discuss OSHA's command-and-control approach to workplace safety. Tthe discussion will focus on comparing the administrative advantages and disadvantages of command-and-control regulation with those of liability-based systems like tort and workers' compensation. The relevant coursepack pages are 467-490; and you should also go back and read the Cotton Dust case at pp. 233-37. We will discuss the Cotton Dust and the Benzene cases in tandem. Panel 4 will be on call.
Week of February 15.
On Tuesday, February 15, we will discuss distributional issues, with a focus on how regulation of workplace safety can redistribute wealth or well-being among employers and workers. You should read pp. 353-372, focusing on the readings by Mark Kelman and Richard Craswell. Again, do not be concerned about mastering the details of Craswell's analysis; I will provide a handout that will help explain it. Panel 2 will be on call.
On Thursday, February 17, we will continue our discussion of distributional issues relating to workplace safety. You should bring a copy of the handout I distributed in Thursday's class. Then, we will turn to a discussion of Margaret Jane Radin's essay, "Market-Inalienability," at pp. 373-386 of the coursepack. The Radin article is difficult, especially if you are unfamiliar with the vocabulary she uses; still it is regarded by many as the best modern defense of making some rights inalienable. Do the best you can and I will fill things in; pay particular attention to her discussion at p. 385 of what she calls the "double bind." Here is a question to consider when reading Radin: how would she respond to a proposal to eliminate restrictions on immigration and the minimum wage, as a way of addressing a shortage of child care faced by working parents? Panel 3 will be on call.
On Friday, February 18, after completing any leftover material, we will discuss legal and regulatory strategies for remedying information failures. The relevant coursepack pages are 398-428. I expect you will find these readings rather more straightforward and easier to digest than the ones that preceded. In class discussion, we will first briefly discuss the OCAW v. NLRB case, and then turn to a more sustained discussion of OSHA's Hazard Communication Standard. You should have a look at the standard itself at pp. 407 et seq., and then read more carefully Baram's summary and analysis of it at p. 417. Panel 4 will be on call.
Week of February 8. This week we will focus on how market and contractual incentives affect conditions of workplace health and safety. For your reference, the graphical presentations on monopoly and on supply and demand are now available online.
On Tuesday, February 8, we will discuss the materials at pp. 293-318 of the coursepack, beginning with the case of Farwell v. Boston & Worcester R.R. Corp (p. 298), which some of you have already read in your Legal Methods class. Then we will proceed to consider how the arguments put forth in the Easterbrook's and Viscusi excerpts might apply to the substantive policy issue raised in Farwell. Do not be concerned about mastering all [actually, any] of the technical details of Gordon's "Note on the Economics of Workplace Safety" at p. 309; just get what you can out of it and I will lecture on the economic arguments in class next week. Panel 3 will be on call.
On Thursday, February 10, we will go slightly out of order in the materials. After completing leftover material from Tuesday, we will discuss the material on power inequalities and strategic behavior found at pp. 338-43 in the coursepack. Then we will turn back to discuss problems of information failure, for which you should read pp. 318-38, focusing on Viscusi and on Kahneman and Tversky. Panel 4 will be on call.
On Friday, February 11, after finishing leftover material, we will discuss distributional issues, with a focus on how regulation of workplace safety can redistribute wealth or well-being among employers and workers. You should read pp. 353-372, focusing on the readings by Mark Kelman and Richard Craswell. Again, do not be concerned about mastering the details of Craswell's analysis; I will provide a handout that will help explain it.
Week of February 1. This week we will complete the introductory module of the course and begin a second module that focuses on the specific regulatory area of workplace health and safety. Please note the following administrative items:
- Coursepack, volume 2. The coursepack readings for module two are now available online, and should be available for purchase in hard copy at Printing Services on Monday. Note that the assignments listed below go out of order in the coursepack.
- Memo assignment. The first memo assignment is now available. It is due, via e-mail, by 5 pm next Friday, Feb. 4. Please read and follow the administrative instructions provided with the assignment. For guidance on how to write an effective essay, I suggest you look at the top student memos from my 2003 class.
- TA sessions. We may or may not hold TA discussion sections next week; this will be announced early next week.
On Tuesday, February 1, we will spend the class period discussing taxicab regulation in New York City, with the goal of using this example to assess the relative strengths and weaknesses of the public-interest and private-interest theories. In preparation for this discussion, you should read pp. 215-236. The Gallick/Sisk excerpt at pp. 230 is optional; it presents a somewhat complicated economic argument in favor of taxi regulation.
Class discussion will be structured differently today: the entire class will be on call and I would like you to come to class prepared to represent the policy interests of a particular client or set of clients. Specifically, Panel 1 will be asked to represent the interests of the yellow-cab drivers and companies; Panel 2 will be asked to represent the interests of the livery drivers and companies; Panel 3 will be asked to represent the interests of taxi passengers and riders of public transportation; and Panel 4 will be asked to represent the city and state comptrollers (who are the executive officials with primary responsibility for oversight of government budgets) and the public generally.
On Thursday, February 3, we will begin our discussions of workplace health and safety, starting with material at pp. 237-292 of the new coursepack that presents some empirical background on the problem of workplace health and safety. [You may skip the initial Cotton Dust case -- sorry for the overlap in pagination with the first coursepack.] These readings are both lengthy and methologically diverse, and are provided in part for the purpose of later reference. You may skim them for general background rather than specific detail, as you did with the OMB materials we considered the first week of class, but as you read, you should consider two questions: (1) of the materials provided, which do you find most useful, enlightening, or persuasive; and (2) do the materials raise any important questions that they do not answer? Panel 1 will be on call.
On Friday, February 4, we will discuss how problematic experiences such as workplace injuries come to be perceived as social and legal problems, as opposed to merely unfortunate events that must be tolerated as part of the vicissitudes of life. You should skip ahead in the coursepack and read pp. 385-95, focusing on the "Naming, Blaming, Claiming" excerpt by Felstiner, Abel and Sarat. This piece is not especially conceptually difficult, but it is quite abstract; so as you read it you should ask yourself at each step in the exposition how the ideas might play out in the context of workplace safety. The short Kingdon excerpt at p. 393 approaches some of the ideas in Felstiner et al. from a political science perspective; it is also written in a more accessible style and I think you will find it helpful.
Here is a question to consider when reading Felstiner et al: how would the concepts of naming, blaming and claiming apply to the problem of sexual harassment in the workplace? (Consider in particular the example of a woman who is asked by her male supervisor for a date.) Panel 2 will be on call.
Week of January 25. This week we will complete our discussion of normative concepts and will turn to a comparison of alternate theories of the regulatory state. Please also note the following administrative items:
- Change in classroom. Starting this week, I have arranged for us to move to room JGH 106, which is available except for four days in March and April when the room is booked for conferences. On those days, we will meet in our current room, JGH 101. Please sign up for the new seating chart on Lawnet.
- TA sessions. On Thursday afternoon, we will have another set of the TA-led discussion sections from 3-3:50 pm [we do not have the entire hour — my mistake]. In addition to reviewing material from the week, the sessions will also discuss skills and strategies for the first writing assignment.
- First memo assignment. The first memo assignment will be made available online on Friday afternoon, and will be due the following Friday, February 4. Remember that there will be four such assignments over the terms and that you are required to complete three of them. You should treat these assignments as practice questions of the sort that will appear on the final exam.
On Tuesday, January 25, we will discuss the materials on community at pp. 110144 of the coursepack, as originally scheduled for Friday the 21st. [Note that the pagination in the table of contents is off by a few pages; I'm not sure what happened.] In response to a few students' requests, here are the news articles I had planned to hand out last week on the Elementary and Secondary Education Act, though you should treat them as strictly optional reading. Panel 4 will be on call.
In the later part of the class period, I will lecture on the subject of market failure, elaborating on the concepts in the excerpt from then-professor Stephen Breyer's book, Regulation and Its Reform, at pp. 145-160 in the coursepack. Anyone who wants a fuller account of the underlying economic concepts — or a refresher — should consult the David Friedman book at pp. 227-44 and 260-78.]
On Thursday, January 27, we will continue with the materials on public-interest theories of the regulatory state. If you did not read the Breyer reading for Tuesday's class, you should read it now, along with the Zerbe/McCurdy excerpt at pp. 170-176. The excerpt from Richard Posner's article at pp. 160-170 can be a secondary priority, although it is still very much worth reading for its insightful discussion of the ways in which regulation can be used to promote distributional goals. This class will consist primarily of lecture material, so no panel is on call. Students who feel thoroughly conversant with the economics of market failure may wish to treat this class as optional.
On Friday, January 28, we will meet from 9:00-10:15 am, and will discuss private-interest theories of regulation. These theories analyze regulation not in terms of how it can be used to serve the public interest, but in terms of how it responds to the private interests of participants in the political process. The relevant coursepack pages are 177–214, but not all are required; in particular, the Stigler and Falletta excerpts are optional. The main contribution of the Stigler excerpt is to present an economist's perpective on the political process, in contrast to the more political-science-oriented approach of the required readings. The Falletta excerpt presents an interesting and perhaps important theoretical argument against the rationality of the political process. Finally, for anyone reading Friedman's Hidden Order as a supplement, the relevant pages in that book are 289-97. No panel will be on call, though I am expecting that the Kelman excerpt in particular will generate some discussion.
Week of January 18. This week we will continue and complete our discusssion of the normative arguments that are most frequently used in regulatory policy. Please also note the following administrative items:
- On Thursday afternoon, from 3-4 pm, we will hold the first TA-led discussion sessions. Attendance at these sessions is optional but in previous years many students reported that the sessions were helpful. You'll receive e-mail from the TA's early next week with more details on the location and subject matter for these sessions.
- My Powerpoint presentation notes from last week can be found on the discussion page of this website, or directly at www.columbia.edu/~ak472/regstate/studynotes.html (username and password required for access).
- The discussion panel assignments can be found on this page, immediately below this week's reading assignment.
- Finally, if you have not yet done so, please take a brief moment to fill out the webform that provides me with your contact and background information.
On Tuesday, January 18, after finishing our discussion of the Krugman and Naiman articles on international trade policy, we will turn to the coursepack readings dealing with distributional justice [pp. 5281]. These readings discuss a variety of normative arguments regarding fair distribution, and in class we will focus on exploring the commonalities and distinctions among these arguments. We will then apply these various concepts to Ackerman and Alstott's proposal [discussed in Sunstein's review of their book, The Stakeholder Society] that every law-abiding American citizen be provided at age 18 with a grant of $80,000. In preparation for discussion, consider the study questions at pp. 72-73 and 80-81. Panel 1 will be on call.
On Thursday, January 20, after finishing leftover material, we will discuss the coursepack readings dealing with the value of liberty [pp. 81-110]. In our discussion , we will first focus on the excerpt from Nozick's Anarchy, State and Utopia at pp. 83-95. When reading Nozick, pay particular attention to his distinction between historical and end-result principles of justice [p. 86] as well as his Wilt Chamberlain hypothetical [p. 89 et seq.] We will then apply his ideas [and those of Milton Friedman] to the Ackerman/Alstott proposal, as well as to the issues raised by mandatory motorcycle-helmet laws. Panel 2 will be on call.
On Friday, January 21, after finishing leftover material, we will turn to the readings dealing with the value of community. [pp. 110145.] In our discussion, we will consider the potential conflicts and connections between communitarian and liberal principles, both generally, and in the context of education policy. In order to help focus our discussion on specifics, next week I will provide you with links to some recent news articles describing some of the policy debates that arose last year in the context of the reauthorization of the federal Elementary and Secondary Education Act, which was passed by Congress in December 2001 and signed into law by President George W. Bush on January 8, 2002. Panel 3 will be on call.
Panel assignments. As promised, I have randomly assigned you to discussion panels. Please be prepared to discuss the assigned readings in detail the day your panel is on call. You are welcome to trade dates with a classmate, but your substitute must notify me of the trade before class. The assignments are as follows:
On call T 1/18, T 2/01
On call Th 1/20, T 2/01
On call F 1/21, T 2/01
On call T 1/25, T 2/01
Persyn, Mary, Kelly
Assignment for the first day of class. The assigned readings consist of a set of coursepacks, the first volume of which will be made available at Printing Services on the ground floor of the SIPA building. An electronic version of these materials is also available for registered students only. Please bring your coursepack materials with you when you come to class.
For our first class meeting on Tuesday, January 11, please pick up the first section of the coursepack and read the materials listed under section I ("The Problems to be Considered.") The material in the OMB report to Congress is quite lengthy and you should feel free to skim it lightly; we will return to it later on in more detail. Do have a look at the tables, however.
The assigned readings for the remainder of the first week of class are as follows:
- Thursday, January 13: Coursepack pages 17-44 (Utility and efficiency).
- Friday, January 14: Coursepack pages 44-51 (Applications of utility and efficiency).
Registered students: please fill out the online information form before the end of the week.