Public Goods and Market Failures: A Critical Examination

1st Edition

Tyler Cowen

Routledge
Published January 30, 1991
Reference - 384 Pages
ISBN 9781560005704 - CAT# Y352801

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Summary

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.

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