The Theory of Externalities, Public Goods and Club Goods

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.

Business & Money

Sandler, Todd

Cornes, Richard

Economics

Cambridge University Press

Dual arguments have become a standard tool for analysis of problems involving optimization by consumers and producers. The principal aim of this book is to provide a fairly systematic yet simple exposition of the basic structure of such arguments. The emphasis is not on providing mathematically general proofs; instead, a geometric approach is used to provide, in an informal way, an intuitive understanding of duality theory. This book introduces the most common alternative ways of representing preferences and technologies, such as indirect utility and distance functions, expenditure and cost functions, and profit and revenue functions. and it discusses the assumptions under which alternative formulations contain precisely the same information. Results such as Roy's identity. the Hotelling-Wold identity, and Shephard's lemma are fully explained. as are their roles in facilitating analysis of behaviour.

Duality and Modern Economics

Dual arguments have become a standard tool for analysis of problems involving optimization by consumers and producers. The principal aim of this book is to provide a fairly systematic yet simple exposition of the basic structure of such arguments. The emphasis is not on providing mathematically general proofs; instead, a geometric approach is used to provide, in an informal way, an intuitive understanding of duality theory. This book introduces the most common alternative ways of representing preferences and technologies, such as indirect utility and distance functions, expenditure and cost functions, and profit and revenue functions. and it discusses the assumptions under which alternative formulations contain precisely the same information. Results such as Roy's identity. the Hotelling-Wold identity, and Shephard's lemma are fully explained. as are their roles in facilitating analysis of behaviour.

The Theory of Externalities, Public Goods, and Club Goods

This book presents a theoretical treatment of externalities (i.e. uncompensated interdependencies), public goods, and club goods. The 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. Aimed at well-prepared undergraduates and graduate students making a serious foray into this branch of economics, the analysis should also interest professional economists wishing to survey recent advancements in the field. No other single source for the range of materials explored is currently available.

See the best price to sell, buy, or rent books by Cornes, Richard. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Books by Cornes, Richard

See the best price to sell, buy, or rent books by Cornes, Richard. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

The Theory of Externalities, Public Goods and Club Goods

The Theory of Externalities, Public Goods and Club Goods

Duality and Modern Economics

Duality and Modern Economics

The Theory of Externalities, Public Goods, and Club Goods

The Theory of Externalities, Public Goods, and Club Goods

The Theory of Externalities, Public Goods, and Club Goods