Table of Contents

Introduction -- 1. Public Goods and Externalities: Old and New Perspectives /Tyler Cowen -- Section I The Theory of Market Failure -- 2. The Pure Theory of Public Expenditure /Paul A. Samuelson -- 3. The Anatomy of Market Failure /Francis M. Bator -- Section II Developments in the Theory of Markets -- 4. Equal Access vs. Selective Access: A Critique of Public Goods Theory /Kenneth D. Goldin -- 5. Free Ride, Free Revelation, or Golden Rule? /Earl R. Brubaker -- 6. The Private Production of Public Goods /Harold Demsetz -- 7. The Exchange and Enforcement of Property Rights /Harold Demsetz -- 8. State-of-Nature Theory and the Rise of Social Institutions /Andrew Schotter -- 9. A Pure Theory of Local Expenditures /Charles M. Tiebout -- 10. An Economic Theory of Clubs /James M. Buchanan -- 11. The Problem of Externality /Carl J. Dahlman -- Section III Case Studies -- 12. The Problem of Cooperation /Robert Axelrod -- 13. The Lighthouse in Economics /Ronald H. Coase -- 14. The Fable of the Bees: An Economic Investigation /Steven N. S. Cheung -- 15. Fire Protection /Robert W. Poole, Jr. -- 16. Leisure and Recreational Services /Robert W. Poole, Jr. -- 17. Private Solutions to Conservation Problems /Robert J. Smith -- 18. The Private Supply of Education: Some Historical Evidence /Jack High and Jerome Ellig -- Contributors.