Public Goods and Market Failures: A Critical Examination, 1st Edition (Paperback) book cover

Public Goods and Market Failures

A Critical Examination, 1st Edition

By Tyler Cowen


390 pages

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Paperback: 9781560005704
pub: 1991-01-30
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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.

Subject Categories

BISAC Subject Codes/Headings:
BUSINESS & ECONOMICS / Economics / General