Public Goods and Market Failures

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A01=Tyler Cowen
Author_Tyler Cowen
Category=KC
club theory
Cooperation
Enforcement
environmental policy case studies
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
Expenditure
externalities analysis
Perspectives
private provision of public services
private sector solutions
property rights economics
Selective
social institution formation

Product details

  • ISBN 9781560005704
  • Weight: 498g
  • Dimensions: 152 x 229mm
  • Publication Date: 30 Jan 1991
  • Publisher: Taylor & Francis Inc
  • Publication City/Country: US
  • Product Form: Paperback
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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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