Theory and Measurement of Economic Externalities


Book Description

Theory and Measurement of Economic Externalities provides information on some analytical and empirical developments in the field of externalities. This book presents the function of turning out producer's goods in the form of better knowledge, analytical formulation, and approaches for application to current problems. Organized into five parts encompassing 12 chapters, this book begins with an overview of the notion of externalities in connection with analyses of economic welfare. This text then discusses the relationship between publicness and external diseconomies when either consumption or production or decision sets are nonconvex due to a high degree of externalities. Other chapters consider disproving the pessimistic conclusions concerning tax–subsidy schemes. This book discusses as well the solutions for the allocation of resources in an economy with public goods and interdependent preferences. The final chapter deals with a general framework for estimating externality production functions. This book is a valuable resource for economists.




The Theory of Externalities, Public Goods, and Club Goods


Book Description

This book presents an updated and expanded discussion of theoretical treatment of externalities (i.e. uncompensated interdependencies), public goods, and club goods.




The Theory of Economic Externalities


Book Description




Allocation, Information and Markets


Book Description

This is an extract from the 4-volume dictionary of economics, a reference book which aims to define the subject of economics today. 1300 subject entries in the complete work cover the broad themes of economic theory. This volume concentrates on the topic of allocation information and markets.




The Theory of Environmental Policy


Book Description

An analysis of the economic theory of environmental policy and the factors influencing the quality of life. Recent research in environmental economics is incorporated as well as economic incentives for pollution control.




Externality and Institutions


Book Description

Debate over the important concept of externality has influenced our perception of the role of governing authorities and has become central to our appraisal of the ecology-economy connection. Despite this, it remains hazy as a concept. This book examines ideas of externality and some of the ways that these have influenced and should continue to influence economics. The difficult issue of defining or characterising externalities is tackled and the effect that externality theory has had on major economic issues is investigated. The author provides a distinctive and non-technical survey of the various methodological approaches taken by economists to the issue of externalities. He fully explains and analyses the ideas lying behind the theory and looks at the failure of some markets to reconcile individual and social costs and benefits. The book's major theme is an exploration of institutional inefficiency and the implications of incorporating organizational costs into economic models.




Markets for Clean Air


Book Description

The book analyzes the behavior and performance of the market for emissions permits, called allowances in the Acid Rain Program, and quantifies emission reductions, compliance costs, and cost savings associated with the trading program."--BOOK JACKET.




The Economics of QWERTY


Book Description

The top left hand side of the keyboard reads "Q-W-E-R-T-Y." Is this inefficient layout an inefficient early development to which we are now forever committed? The "economics of QWERTY" describes cases in which it has been claimed that technologies which have become accepted are not as good as rival technologies. Perhaps they have been "locked in" at an early stage, preventing newer, better possibilities from taking hold. Distinguished economists Stan Liebowitz and Steven Margolis have critically examined the various aspects of the economics of QWERTY and its implications, calling into question the historical accuracy of the standard account of QWERTY and similar cases such as those of Beta/VHS and Macintosh/Windows. They contend that no plausible case of inferior standards being locked in has ever been documented, though much antitrust activity and legislative policy has been based on the belief in the occurrence of such cases. The Economics of Qwerty brings together into one volume Liebowitz and Margolis's essential contributions, remarkable for their eloquence and relevance, to consider these issues, which are of real and enduring importance for the functioning of the market economy. Together they constitute a complete account of the critique of the economics of QWERTY.




American Environmental History


Book Description

An expanded, new and improved American Environmental History textbook for everyone! After years of teaching Environmental History at a major East Coast University without a textbook, Dr. Dan Allosso decided to take matters into his own hands. The result, American Environmental History, is a concise, comprehensive survey covering the material from Dan's undergraduate course. What do people say about the class and the text? "This was my first semester and this course has created an incredible first impression. If all of the courses are this good, I am going to really enjoy my time here. The course has completely changed the way I look at the world." (Student in 2014 class) "One of the few classes I'm really sad is ending, the subject matter is fascinating and Dan is a great guide to it. His approach should be required of all students as it teaches an appreciation for a newer and better way of living." (Student in 2014 class) "Allosso's lectures are fantastic. The best I have ever had. So impressed. The material is always extremely interesting and well-presented." (Student in 2015 class) "It is just a perfect course that I think should be mandatory if we want to save our planet and live responsibly." (Student in 2015 class) "A rare gem for an IB ESS teacher or any social studies teacher looking for an 11th or 12th grade supplementary text that aims to provide an historical context for the environmental reality in America today. Highly recommended." (District Curriculum Coordinator, 2016) "I was so impressed with this material that I am using it as a supplement for a course I teach at my college." (History and Environmental Studies Professor, 2017) Beginning in prehistory and concluding in the present, American Environmental History explores the ways the environment has affected the choices that became our history, and how our choices have affected the environment. The dynamic relationship between people and the world around them is missing from mainstream history. Putting the environment back into history helps us make sense of the past and the present, which will help guide us toward a better future. More information and Dan's blog are available at environmentalhistory.us




The Firm, the Market, and the Law


Book Description

Few other economists have been read and cited as often as R.H. Coase has been, even though, as he admits, "most economists have a different way of looking at economic problems and do not share my conception of the nature of our subject." Coase's particular interest has been that part of economic theory that deals with firms, industries, and markets—what is known as price theory or microeconomics. He has always urged his fellow economists to examine the foundations on which their theory exists, and this volume collects some of his classic articles probing those very foundations. "The Nature of the Firm" (1937) introduced the then-revolutionary concept of transaction costs into economic theory. "The Problem of Social Cost" (1960) further developed this concept, emphasizing the effect of the law on the working of the economic system. The remaining papers and new introductory essay clarify and extend Coarse's arguments and address his critics. "These essays bear rereading. Coase's careful attention to actual institutions not only offers deep insight into economics but also provides the best argument for Coase's methodological position. The clarity of the exposition and the elegance of the style also make them a pleasure to read and a model worthy of emulation."—Lewis A. Kornhauser, Journal of Economic Literature Ronald H. Coase was awarded the Nobel Prize in Economic Science in 1991.