The Theory of Externalities, Public Goods, and Club Goods
The Theory of Externalities, Public Goods, and Club Goods
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This book presents a theoretical treatment of externalities (i.e. uncompensated interdependencies), public goods, and club goods. The new edition updates and expands the discussion of externalities and their implications, coverage of asymmetric information, underlying game-theoretic formulations, and intuitive and graphical presentations. Aimed at well-prepared undergraduates and graduate students making a serious foray into this branch of economics, the analysis should also interest professional economists wishing to survey recent advancements in the field. No other single source for the range of materials explored is currently available.
- Revised edition of 1986 CUP work covering key issue of externalities (unintended developments) in economic theory
- Authors well-known in field; revised edition addresses their critics and greatly expands coverage of novel issues in asymmetric information, externalities, the Coase Theorem, etc.
- Useful for upper-level undergraduates, master's level, and first year graduate students in economic theory courses; revised treatment will also appeal to business and government analysts
Product details
- Published: June 1996
- Format: Paperback
- ISBN: 9780521477185
- Length: 616 pages
- Dimensions: 227 × 152 × 30 mm
- Weight: 0.812kg
- Contains: 74 b/w illus. 13 tables
- Availability: Available
Table of Contents
- 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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