Table of Contents

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.

Promotional Information

This book presents an updated and expanded discussion of theoretical treatment of externalities (i.e. uncompensated interdependencies), public goods, and club goods.