The Theory of Externalities, Public Goods, and Club Goods

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Cornes, Richard, and Todd Sandler. 1996. The Theory of Externalities, Public Goods, and Club Goods. Cambridge University Press.

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Description

Markets are expected to fail when there are externalities and public goods. Markets can be efficient for some club goods, but then so can governments. This is an undergraduate academic textbook for this branch of economic theory.

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