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The theory of externalities, public goods and club goods. 2nd. ed.

Опубликовано на портале: 27-10-2003
Cambridge: Cambridge University Press, 1996, 590 с.
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.

Topics investigated include Nash equilibrium, Lindahl equilibria, club theory, preference-revelation mechanism, Pigouvian taxes, the commons, Coase Theorem, and static and repeated games. The authors 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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