Public Goods and Market Failures: A Critical ExaminationsTyler Cowen Transaction Publishers, 2001 - 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. |
Inhalt
| 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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Public Goods and Market Failures: A Critical Examination TYLER. COWEN Keine Leseprobe verfügbar - 2020 |
Häufige Begriffe und Wortgruppen
allocation analysis apiary apple assume beekeepers bees behavior benefits buyers charge choice club Coase collective competitive consumers consumption contract cooperation demand Demsetz Econ economic economists efficient equal access equilibrium example exchange exclude exist expenditures external economies farm farmer fees fire department fire protection firm free-rider function Harold Demsetz hive honey yield implies incentive individual interaction involved large number light dues lighthouse marginal cost market failure nectar optimal optimum output Pareto Pareto optimum Pareto-efficient park payoff pecuniary externalities player pollination possible preferences Prisoner's Dilemma problem production profit programs property rights purchase returns to scale Rural/Metro Samuelson schools selective access serve additional persons ships side effects situation social institutions solution strategy supply supra note Theory of Public tion transaction costs Trinity House turtle users utility welfare welfare economics zero