Public Goods and Market Failures: A Critical Examination
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Public Goods and Market Failures: A Critical Examination is a 1988 book by Tyler Cowen.
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.
See also: Private alternatives to public goods
- Public Goods and Market Failures: A Critical Examination on Google Books (with a limited preview)
- Does Justice Qualify as an Economic Good? A Böhm-Bawerkian Perspective (pdf) by Gael J. Campan, 1999