This book presents a theoretical treatment of externalities (i.e., uncompensated interdependencies), public goods, and club goods. Aimed at advanced undergraduate and graduate students making their first serious foray into this branch of economics, the book will also interest professional economists wanting to discover what their colleagues in public economics have been working on in recent years. As such, it attempts to tie together the most recent contributions in public economics, available in many diverse sources. The book will be suitable for courses concerned with public expenditure analysis, where no other single source for this material is currently available. Applications, theory, and policy aspects of public expenditure analysis are presented. Useful new graphical tools are also included. Among the topics included are: Nash equilibria, Lindahl equilibria, club theory, preference-revelation mechanisms, Coase theorem, externalities, and game theory.
"synopsis" may belong to another edition of this title.
No other single source is currently available for the range of materials explored. This 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.From the Back Cover:
Richard Cornes and Todd Sandler 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.
"About this title" may belong to another edition of this title.
Book Description Cambridge University Press, 1986. Book Condition: Good. Former Library book. Shows some signs of wear, and may have some markings on the inside. Bookseller Inventory # GRP15920613
Book Description Cambridge University Press, 1986. Paperback. Book Condition: UsedGood. Softcover; fading and shelf wear to exterior; otherwise in good condition with clean text, firm binding. Bookseller Inventory # 4044