Public Goods and Market Failures: A Critical Examinations

Cover
Tyler Cowen
Transaction Publishers - 384 Seiten

Assertions of market failure are usually based on Paul Samuelson's theory of public goods and externalities. This book both develops that theory and challenges the conclusion of many economists and policy-makers that market failures cannot be corrected by market forces. The volume includes major case studies of private provision of public goods. Among the goods considered are lighthouse services, education, municipal services, and environmental conservation.

 

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Inhalt

Introduction
1
The Theory of Market Failure
27
2 The Pure Theory of Public Expenditure
29
3 The Anatomy of Market Failure
35
Developments in the Theory of Markets
67
A Critique of Public Goods Theory
69
5 Free Ride Free Revelation or Golden Rule?
93
6 The Private Production of Public Goods
111
11 The Problem of Externality
209
Case Studies
235
12 The Problem of Cooperation
237
13 The Lighthouse in Economics
255
An Economic Investigation
279
15 Fire Protection
305
16 Leisure and Recreational Services
327
to Conservation Problems
341

7 The Exchange and Enforcement of Property Rights
127
and the Rise of Social Institutions
147
9 A Pure Theory of Local Expenditures
179
10 An Economic Theory of Clubs
193
Some Historical Evidence
361
Contributors
383
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