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.
- ISBN10 156000570X
- ISBN13 9781560005704
- Publish Date 30 January 1991
- Publish Status Active
- Publish Country US
- Publisher Taylor & Francis Ltd
- Imprint Routledge
- Format Paperback
- Pages 390
- Language English