Public Goods and Market Failures
Download or Read eBook Public Goods and Market Failures PDF written by Tyler Cowen and published by Transaction Publishers. This book was released on with total page 394 pages. Available in PDF, EPUB and Kindle.
Author | : Tyler Cowen |
Publisher | : Transaction Publishers |
Total Pages | : 394 |
Release | : |
ISBN-10 | : 1412832381 |
ISBN-13 | : 9781412832380 |
Rating | : 4/5 (81 Downloads) |
Book Synopsis Public Goods and Market Failures by : Tyler Cowen
Book excerpt: 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.