Theory and measurement of economic externalities (Economic theory and mathematical economics)

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. Content: ECONOMIC THEORY AND MATHEMATICAL ECONOMICS, Page ii Front Matter, Page iii Copyright, Page iv List of Contributors, Pages xi-xii Preface, Pages xiii-xiv Introduction to Introduction, Pages 1-6 Introduction to The Nature of Externalities, Pages 7-8 On the Nature of Externalities, Pages 9-27, WALTER P. HELLER, DAVID A. STARRETT The Problem of Social Cost: Fifteen Years Later, Pages 29-40, RICHARD O. ZERBE Introduction to Externalities in Collective and Decentralized Decision Making, Pages 41-43 Externality Taxes and Subsidies, Pages 45-64, STEVEN A.Y. LIN, DAVID K. WHITCOMB Information, Incentives, and the Internalization of Production Externalities, Pages 65-83,85-86, THEODORE GROVES A Generalized Cost Allocation Scheme, Pages 87-101,103-106, EDNA T. LOEHMAN, ANDREW B. WHINSTON Introduction to Externalities in General Equilibrium, Pages 107-109 Collective Choice and the Lindahl Allocation Method, Pages 111-131,133-134, THEODORE C. BERGSTROM Pairwise Optimality, Multilateral Optimality, and Efficiency with and without Externalities, Pages 135-154, J. TROUT RADER III Noncooperative General Exchange, Pages 155-175,177-178, LLOYD S. SHAPLEY Introduction to Measurements of Externalities, Pages 179-181 The Measurement of Individual Congestion Costs: An Economic Application to Wilderness Recreation, Pages 183-203, CHARLES J. CICCHETTI, V. KERRY SMITH An Economic Model of Airport Noise Pollution in an Urban Environment, Pages 205-216, ARTHUR S. DE VANY Fiscal Externalities, Taxes, and Suburbanization, Pages 217-241,243-246, DONALD R. HAURIN, GEORGE S. TOLLEY Externality Production Functions, Pages 247-257,259, EPHRAIM F. SUDIT, DAVID K. WHITCOMB Index, Pages 261-265