The Theory of Externalities, Public Goods, and Club Goods

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ISBN: 9780521477185 | 0521477182
Cover: Paperback
Copyright: 10/1/1996

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Richard Cornes and Todd Sandler use mathematical techniques only as much as necessary to pursue the economic argument. They develop key principles of public economics that are useful for subfields such as public choice, labor economics, economic growth, international economics, environmental and natural resource economics, and industrial organization.

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Preface
Part I. Introduction to the Theory of Externalities, Public Goods, and Club Goods: 1. Views on market failure
2. Equilibrium concepts in public economics
Part II. Externalities: 3. Theory of externalities
4. Externalities, equilibrium, and optimality
5. Information and externalities
Part III. Public Goods: 6. Pure public goods: Nash-Cournot equilibria and Pareto optimality
7. Alternative mechanisms for the provision of public goods
8. Public goods in general
9. Game theory and public goods
10. Departures from the Nash-Cournot behavior
Part IV. Clubs and Club Goods: 11. Homogeneous clubs and local public goods
12. Clubs in general
13. Institutional forms and clubs
14. Game theory and club goods
15. Uncertainty and club goods
16. Intergenerational clubs
Part V. Applications and Future Directions: 17. Empirical estimation and public goods
18. Applications and empirics
19. Conclusions.

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The Theory of Externalities, Public Goods, and Club Goods

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