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Author: Richard Cornes Publisher: Cambridge University Press ISBN: 9780521477185 Category : Business & Economics Languages : en Pages : 620
Book Description
This book presents an updated and expanded discussion of theoretical treatment of externalities (i.e. uncompensated interdependencies), public goods, and club goods.
Author: Richard Cornes Publisher: Cambridge University Press ISBN: 9780521477185 Category : Business & Economics Languages : en Pages : 620
Book Description
This book presents an updated and expanded discussion of theoretical treatment of externalities (i.e. uncompensated interdependencies), public goods, and club goods.
Author: Tyler Cowen Publisher: Transaction Publishers ISBN: 9781412832380 Category : Business & Economics Languages : en Pages : 394
Book Description
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.
Author: James M. Buchanan Publisher: ISBN: 9780865972216 Category : Business & Economics Languages : en Pages : 202
Book Description
Public-goods theory constituted a major element in James M. Buchanan’s research agenda throughout the 1960s. The Demand and Supply of Public Goods is a major part of that work. At the time that Buchanan was elaborating on his theories of public goods, the prevailing trend in public economics was the emergence of public-expenditure theory, which attempted to form a comprehensive theory of the state around the notion of market failure. The Demand and Supply of Public Goods established Buchanan’s broad purpose of explicitly comparing market performance with political performance. As such, the book is an important part of Buchanan’s contractarian theory of the "productive state.” Conceived originally as a series of lectures given at Cambridge University in 1961 and 1962, The Demand and Supply of Public Goods is written for students, but is in no way a textbook of dry pedagogy. Instead, as Geoffrey Brennan writes in the foreword, "What Buchanan provides here is a clear statement of the contractarian approach to public goods problems, very much in the 'voluntary exchange’ tradition of Wicksell and Lindhal.” James M. Buchanan is an eminent economist who won the Alfred Nobel Memorial Prize in Economic Sciences in 1986 and is considered one of the greatest scholars of liberty in the twentieth century. The entire series will include: Volume 1: The Logical Foundations of Constitutional Liberty Volume 2: Public Principles of Public Debt Volume 3: The Calculus of Consent Volume 4: Public Finance in Democratic Process Volume 5: The Demand and Supply of Public Goods Volume 6: Cost and Choice Volume 7: The Limits of Liberty Volume 8: Democracy in Deficit Volume 9: The Power to Tax Volume 10: The Reason of Rules Volume 11: Politics by Principle, Not Interest Volume 12: Economic Inquiry and Its Logic Volume 13: Politics as Public Choice Volume 14: Debt and Taxes Volume 15: Externalities and Public Expenditure Theory Volume 16: Choice, Contract, and Constitutions Volume 17: Moral Science and Moral Order Volume 18: Federalism, Liberty, and the Law Volume 19: Ideas, Persons, and Events Volume 20: Indexes
Author: Wolfgang Buchholz Publisher: Springer ISBN: 3319494422 Category : Business & Economics Languages : en Pages : 326
Book Description
This state-of-the art collection of papers analyses various aspects of the theory of externalities and public goods. The contributions employ new analytical techniques like the aggregative game approach, and discuss the philosophical underpinnings of the theory. Furthermore, they highlight a range of topical empirical applications including climate policy and counterterrorism. This contributed volume was written in memory of Richard C. Cornes, a pioneer in the theory of externalities and public goods.
Author: Steven A. Y. Lin Publisher: Academic Press ISBN: 1483271471 Category : Business & Economics Languages : en Pages : 280
Book Description
Theory and Measurement of Economic Externalities provides information on some analytical and empirical developments in the field of externalities. This book presents the function of turning out producer's goods in the form of better knowledge, analytical formulation, and approaches for application to current problems. Organized into five parts encompassing 12 chapters, this book begins with an overview of the notion of externalities in connection with analyses of economic welfare. This text then discusses the relationship between publicness and external diseconomies when either consumption or production or decision sets are nonconvex due to a high degree of externalities. Other chapters consider disproving the pessimistic conclusions concerning tax–subsidy schemes. This book discusses as well the solutions for the allocation of resources in an economy with public goods and interdependent preferences. The final chapter deals with a general framework for estimating externality production functions. This book is a valuable resource for economists.
Author: Pablo Guillen Publisher: Springer Nature ISBN: 9811557411 Category : Science Languages : en Pages : 82
Book Description
This is a book about how cities occupy space. We are not interested in architectural masterpieces, but the tools for reinventing city life. We try to provide a framework for the architecture and design of public space without aesthetic considerations. We identify several defining factors. First of all, history as the city today very much depends on how it was yesterday. The geographical location and the technology available at a point of time both play a constraining role in what can be done as well. Culture, in the form of social norms, laws and regulations, also restricts what is possible to do. On the other hand, culture is also important in guiding the ideas and aspirations that together inform what society wants the city to be. The city needs government intervention, or regulation, to ameliorate the problem posed by a tangle of externalities and public goods. We focus on two comparative case studies: the evolution of urban form in the US and how it stands in a sharp contrast with the evolution of urban form in Japan. We emphasise the difference in regulations between both jurisdictions. We study how differences in technological choices driven by culture (i.e. racial segregation), geography (i.e. the availability of land) and history (i.e. the mobility restrictions of the Tokugawa period) result in vast differences in mobility regarding the share of public transport, walking and cycling versus motorised private transport. American cities are constrained by rules that are much further from the neoliberal economic idea of free and competitive markets than the Japanese ones. Japanese planning promotes competition and through a granular, walkable city dotted with small shops, fosters variety in the availability of goods and services. We hypothesise how changing regulations could change the urban form to generate a greater variety of goods and to foster the access to those goods through a more equitable distribution of wealth. Critically, we point out that a desirably denser city must rely on public transport, and we also study how a less-dense city can be made to work with public transport. We conclude by claiming that changes in regulations are very unlikely to happen in the US, as it would require deep cultural changes to move from local to a more universal and less excluding public good provision, but they are both possible and desirable in other jurisdictions.
Author: Thomas A. Lambert Publisher: Cambridge University Press ISBN: 1108293646 Category : Law Languages : en Pages : 279
Book Description
Markets sometimes fail. But so do regulatory efforts to correct market failures. Sometimes regulations reach too far, condemning good activities as well as bad, and sometimes they don't reach far enough, allowing bad behavior to persist. In this highly instructive book, Thomas A. Lambert explains the pitfalls of both extremes while offering readers a manual of effective regulation, showing how the best regulation maximizes social welfare and minimizes social costs. Working like a physician, Lambert demonstrates how regulators should diagnose the underlying disease and identify its symptoms, potential remedies for it, and their side effects before selecting the regulation that offers the greatest net benefit. This book should be read by policymakers, students, and anyone else interested in understanding how the best regulations are crafted and why they work.
Author: Gordon Tullock Publisher: Edward Elgar Publishing ISBN: 1845424689 Category : Business & Economics Languages : en Pages : 162
Book Description
The book features Professor Tullock s normal array of insights and gems of wisdom throughout. The thesis of the book, to view government through the prism of externalities, is intriguing and makes the book well worth reading. Daniel Sutter, Public Choice The book can be commended for introducing a broad range of thought-provoking ideas in an accessible form. It is an easy read, but does not achieve (nor does it aspire to) the usual standards of academic rigour. It is in places retrospective and in others polemical. But all of it is entertaining. Gareth Myles, Economica The book offers a nice introduction into public choice but still has enough in it to keep more advanced scholars interested. Well worth reading for anyone with even a modicum of interest in economics and/or politics in the most non-partisan sense. Phong Ngo, Economic Record Tullock provides a readable account of public choice economics and the problems with collective decision making. . . Highly recommended. M. Steckbeck, Choice Gordon Tullock, eminent political economist and one of the founders of public choice, offers this new and fascinating look at how governments and externalities are linked. Economists frequently justify government as dealing with externalities, defined as benefits or costs that are generated as the result of an economic activity, but that do not accrue directly to those involved in the activity. In this original work, Gordon Tullock posits that government can also create externalities. In doing so, he looks at governmental activity that internalizes such externalities. Monarchical governments originally introduced, for the benefit of the monarch rather than to eliminate externalities, many standard government activities such as road building, war, and internal policing. Most modern governments spend more money on redistribution than on more traditional government activities. This can be thought of as another effort to reduce externalities, since suffering in the community imposes externalities on the rest of us. Rent seeking, a relatively new field in economics and political science, is closely related to externalities and to the structure of government. An analysis of rent seeking, as well as some suggestions for improving government structure, cap off this fascinating treatise. Economists and political scientists will find this lively and readable book both stimulating and provocative.
Author: Richard Cornes
Author: Richard Cornes
Author: Tyler Cowen
Author: James M. Buchanan
Author: John Leach
Author: Wolfgang Buchholz
Author: Vito Tanzi
Author: Steven A. Y. Lin
Author: Pablo Guillen
Author: Thomas A. Lambert
Author: Gordon Tullock