The Political Economy Of Excludable Public Goods
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A New Approach to the Economics of Public Goods
| Author | : Thomas Laudal |
| Publisher | : Routledge |
| Total Pages | : 86 |
| Release | : 2019-08-28 |
| Genre | : Business & Economics |
| ISBN | : 1000705722 |
Public goods are typically defined only in reference to the good itself but, as this book argues, the public goods can be better understood if contextual variables are incorporated. This book discusses the production and provision of public goods. It asserts that changes related to public goods are better understood if the category of goods are not decided solely by the properties of the good itself. We also need to focus on how the enabled utility of a good is influenced by the production and the provision of the good. The book opens with a brief introduction to common conceptions of public goods and a review of the existing literature - highlighting the limitations of current definitions of public goods. It presents a new multi-layered approach to public goods. This has implications for the discourse on public goods and for our understanding of the societal and environmental impact of public goods. The implications are illustrated in several areas; public goods in ancient history, privatization, innovation, competitiveness and prices, democracy and political standards, and economic growth. The book provides a provocative argument for a new way to analyze public goods which will appeal to scholars and students interested in the economic analysis of public goods, arguments regarding the privatizing or nationalizing of production and services, and method of modelling and measuring sustainable business activities.
Public Microeconomics
| Author | : Joaquim Silvestre |
| Publisher | : Edward Elgar Publishing |
| Total Pages | : 210 |
| Release | : 2012-01-01 |
| Genre | : Political Science |
| ISBN | : 085793208X |
This book contains a concise, simple, yet precise discussion of externalities, public goods and insurance. Rooted in the first fundamental theorem of welfare economics and in noncooperative equilibrium, it employs elementary calculus. The book presents established theory in novel ways, and offers the tools for the application of the social welfare criteria of efficiency and equity to environmental economics, networks, bargaining, political economy, and the pricing of public goods and public utilities. This innovative, user-friendly textbook will be of use over a broad range of disciplines. The applications found here include international global-warming issues (North vs. South model), and bargaining over externalities (Coase's theorem). This text also introduces the Wicksell-Lindahl model in its original form, which depicts the parliamentary negotiation between representative parties and provides an effective introduction to political economy. Later, these ideas are applied to the pricing of an excludable public good, revealing the theoretical connection between public utility pricing and the pricing of excludable public goods. The text integrates three forms of discourse: verbal, graphical, and formal. Elementary calculus is frequently used, allowing for clarity and precision; qualities that are often missing in conventional textbooks. The main text considers a finite number of consumers and appendices cover the continuum mathematical model, which is implicit in the references to the 'marginal consumer' found in traditional texts. The analysis found in Public Microeconomics is simple and operational, conducive to computationally easy examples and exercises. This textbook is ideally suited to graduate and upper-level undergraduate courses in economics, political science, policy and philosophy.
Public Goods and Private Communities
| Author | : Fred E. Foldvary |
| Publisher | : Edward Elgar Publishing |
| Total Pages | : 296 |
| Release | : 1994 |
| Genre | : Business & Economics |
| ISBN | : |
Louis, are in fact financing their own public goods and services in accordance with this theory. For such communities to rise and prosper, the author contends, government must eliminate zoning and many other restrictions, as well as the taxation of private services.
The Political Economy of Public Goods Provisioning Amid Violence
| Author | : Maria Camila Angulo Amaya |
| Publisher | : |
| Total Pages | : |
| Release | : 2021 |
| Genre | : |
| ISBN | : |
I examine how violence reconfigures institutions and dynamics of public goods provisioning. I argue that in countries affected by civil war it is possible to observe a shift in the mode of provision toward an increase in private provisioning of public goods. This occurs when non-state armed actors establish social orders and coopt state institutions in a way that facilitates private providers to go about their business as usual. I argue that the mechanism leading to greater private provisioning differs across sectors of provision depending on the interests and dynamics of cooptation of the local non-state armed actors providing order. To test my argument, I analyze the provision of roads and health care services in Colombia, during and after times of political violence, using two-way fixed effects analyses. Using a novel dataset on 25 years of provision of roads, I show that in the sector of transportation infrastructure a quid-pro-quo between paramilitaries and politicians enable private provisioning via public-private partnerships (PPPs). This occurs because paramilitaries coopt state institutions and act as gatekeepers for the state's infrastructure projects in exchange for greater legitimacy and reduced sentences for their crimes. Additionally, using data on health care services and paramilitary violence, I show that the paramilitary diversion of public funds for health care shifts the market of provision toward a greater emergence of private providers. This happens because paramilitaries coopt health care institutions and funds to finance their militias, effectively depleting the public health sector of funds to grow. Furthermore, relying on survival analysis and using a novel dataset on the renegotiation of PPP contracts for roads, I show that transparency in risk allocation increases the efficiency in provision by reducing contract renegotiations. Yet, the benefits of transparency are offset by incumbents using PPPs for pork barreling. This dissertation bridges the literature in political science and public policy to understand the legacies of political violence in modes of provision and the interactions between public and private providers of public goods in contexts of violence.
The Demand and Supply of Public Goods
| Author | : James M. Buchanan |
| Publisher | : |
| Total Pages | : 202 |
| Release | : 1999 |
| Genre | : Business & Economics |
| ISBN | : 9780865972216 |
Public-goods theory constituted a major element in James M. Buchanan’s research agenda throughout the 1960s. The Demand and Supply of Public Goods is a major part of that work. At the time that Buchanan was elaborating on his theories of public goods, the prevailing trend in public economics was the emergence of public-expenditure theory, which attempted to form a comprehensive theory of the state around the notion of market failure. The Demand and Supply of Public Goods established Buchanan’s broad purpose of explicitly comparing market performance with political performance. As such, the book is an important part of Buchanan’s contractarian theory of the "productive state.” Conceived originally as a series of lectures given at Cambridge University in 1961 and 1962, The Demand and Supply of Public Goods is written for students, but is in no way a textbook of dry pedagogy. Instead, as Geoffrey Brennan writes in the foreword, "What Buchanan provides here is a clear statement of the contractarian approach to public goods problems, very much in the 'voluntary exchange’ tradition of Wicksell and Lindhal.” James M. Buchanan is an eminent economist who won the Alfred Nobel Memorial Prize in Economic Sciences in 1986 and is considered one of the greatest scholars of liberty in the twentieth century. The entire series will include: Volume 1: The Logical Foundations of Constitutional Liberty Volume 2: Public Principles of Public Debt Volume 3: The Calculus of Consent Volume 4: Public Finance in Democratic Process Volume 5: The Demand and Supply of Public Goods Volume 6: Cost and Choice Volume 7: The Limits of Liberty Volume 8: Democracy in Deficit Volume 9: The Power to Tax Volume 10: The Reason of Rules Volume 11: Politics by Principle, Not Interest Volume 12: Economic Inquiry and Its Logic Volume 13: Politics as Public Choice Volume 14: Debt and Taxes Volume 15: Externalities and Public Expenditure Theory Volume 16: Choice, Contract, and Constitutions Volume 17: Moral Science and Moral Order Volume 18: Federalism, Liberty, and the Law Volume 19: Ideas, Persons, and Events Volume 20: Indexes
Advancing Public Goods
| Author | : Jean-Philippe Touffut |
| Publisher | : Edward Elgar Publishing |
| Total Pages | : 185 |
| Release | : 2006-01-01 |
| Genre | : Business & Economics |
| ISBN | : 1847201849 |
This is a timely and thought-provoking book which brings the discussion of public goods to confront the contemporary world economy where such goods have often a global nature and require super-national provision and control. Giovanni Dosi, St Anna School of Advanced Studies, Pisa, Italy In this wide-ranging selection of papers, distinguished economists, public policy advisers and political theorists contribute to the debate on public goods. The studies cover topics in the conceptualization, classification and stratification of public goods. Also examined are public institutional design, global economic institutions and partnership typologies. Individual papers address the financing, regulatory, organizational and legal aspects relating to services of general interest in Europe. The dynamics of global public good production, including monopolies, patents, scientific uncertainty and market failures, are discussed. Empirical research on the state, profit and non-profit sectors is presented. Providing numerous examples of specific public goods, the contributions also highlight the impact of macroeconomic policies on provision. The book presents a broad diversity of new approaches to global public goods within the framework of mixed economies, beyond the standard economic analysis of public services. Academics, researchers and policymakers in the area of global public goods and services will find this volume of great interest.
The Economics of Law, Order, and Action
| Author | : Jakub Bozydar Wisniewski |
| Publisher | : Routledge |
| Total Pages | : 280 |
| Release | : 2018-02-01 |
| Genre | : Business & Economics |
| ISBN | : 1351256300 |
According to the standard position of the economic mainstream, the efficient production of so-called public goods, including law and defense, requires the use of territorial monopolies of coercive force. Two arguments are put forward for this position: a "positive" one, based on the claim that only such institutions can successfully supply society with crucial public goods, and a "negative" one, based on the claim that such institutions by themselves constitute inevitable "public bads". This book challenges this assumption by utilizing the insights of the Austrian School of Economics, New Institutionalism, constitutional political economy, and other heterodox economic approaches, combined with economically informed ethical analysis. It puts forward a positive case for voluntary social organization that offers new insights into the intersection of economic logic, social philosophy, institutional analysis, and the theory of entrepreneurship. In other words, in an attempt to draw on the interdisciplinary spirit of classical political economy, this book aims at providing a comprehensive economic and ethical case for extending the applicability of voluntary, entrepreneurial cooperation to the realm of creating and sustaining legal and protective services together with attendant institutional frameworks.
Public Goods for Economic Development
| Author | : Olga Memedović |
| Publisher | : UN |
| Total Pages | : 198 |
| Release | : 2008 |
| Genre | : Business & Economics |
| ISBN | : |
This publication addresses factors that promote or inhibit successful provision of the four key international public goods: financial stability, international trade regime, international diffusion of technological knowledge and global environment. Without these goods, developing countries are unable to compete, prosper or attract capital from abroad. The need for public goods provision is also recognized by the Millennium Development Goals, internationally agreed goals and targets for knowledge, health, governance and environmental public goods. The Report addresses the nature of required policies and institutions using the modern principles of collective action.
