Externality and Institutions

Szerző: Andreas, Papandreou

Nyelv:

Kötés: Puha kötésű

Kiadó: Oxford University Press

Elérhetőség: Beszállítói készleten

Küldés 10-18 napon belül

38 568 Ft

Pollution, higher traffic noise, or a poisoned river are all examples of externalities---costs (or b...

Információk a könyvről

Szerző

Andreas, Papandreou

Nyelv

Angol

Kötés

Könyv - Puha kötésű

Kiadva

1998

oldal

316

EAN

9780198293071

ISBN

0198293070

Enbook ID

04032554

Kiadó

Oxford University Press

Súly

420

Méretek

138 x 216 x 19

Teljes leírás

Pollution, higher traffic noise, or a poisoned river are all examples of externalities---costs (or benefits) which are imposed by an action but which are not built in to the price of that action. One of the problems of economic theory is whether, when analysing the desirability of a new road, for example, the costs that occur as externalities can be fully incorporated into the price of that road. Dr Andreas Papandreou has provided a book which fully explains and analyses the ideas ying behind the theory of externalities. Papandreou has made a survey of the various methodological approaches taken by economists to the issue of eternalities, and the failure of some markets to reconcile individual and social costs and benefits. He tackles the difficult issue of defining or characterizing externalities, surveys the current literature, and investigates the effect that externality theory has had on major economic issues. His major theme is an exploration of institutional inefficiency and the implications of ncorporating organizational costs into economic models. Written in a non-technical style, this book is suitable not only for those economists who make a study of externalities, but for those who need to understand the theory for their own fields of research, and for postgraduate students.

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Externality and Institutions

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