The Economics of Globally Shared and Public Goods

by S. Niggol Seo

Overview

The Economics of Globally Shared and Public Goods responds to an urgent need to consolidate and refine the economic theories and explanations pertinent to globally shared resources. Making a clear distinction between theories and empirical models, it elucidates the problem of global public goods while incorporating insights from behavioral economics. Its comprehensive and technical review of existing theoretical models and their empirical results illuminate those models in practical applications. Relevant for economists and others working on challenges of globally shared goods such as climate change and global catastrophes, The Economics of Globally Shared and Public Goods provides a path toward greater co-operation and shared successes.

• Offers an encompassing description of the economics of global public goods
• Provides an ensemble of empirical analyses of behavioral complexities
• Defines a set of optimality conditions for a solution applicable to many problems

Product Details

ISBN-13:	9780128198766
Publisher:	Elsevier Science
Publication date:	07/02/2020
Sold by:	Barnes & Noble
Format:	eBook
Pages:	334
File size:	11 MB
Note:	This product may take a few minutes to download.

About the Author

Professor S. Niggol Seo is a natural resource economist who specializes in the study of global warming. He received his PhD in Environmental and Natural Resource Economics from Yale University in 2006 with a dissertation on microbehavioral models of global warming. Since 2003, he has worked with the World Bank on various climate change projects in Africa, Latin America, and Asia. He held professor positions in the United Kingdom, Spain, and Australia from 2006 to 2015. Since September 2015, he is Professor of Environmental&Natural Resource Economics at the Muaebak Institute of Global Warming Studies in Seoul, South Korea. Prof. Seo has published six books and over 50 international journal articles on the economics of global warming.

Table of Contents

1. An Introduction to the Challenges of Public and Globally Shared Goods in Economics and Policy-making2. The Economics of Public Goods and Club Goods3. The Economics of Global Scale Public Goods: Key Challenges and Theories4. A Critique of the Economics of Global Public Goods: A Microbehavioral Theory and Model5. A Critique of the Economics of Global Public Goods: Economics of Non-cooperative Games6. A Critique of the Economics of Global Public Goods: The Economics of a Global Public Good Fund7. The Economics of Globally Shared Goods8. Extensions of the Economic Theory to a Basket of Globally Shared Goods

Appendix: A Succinct Mathematical Disproof of the Dismal Theorem of Economics

What People are Saying About This

From the Publisher

Presents a comprehensive and technical analysis of the economics of globally shared goods

Editorial Reviews

"Presents a novel theory of the economics of globally shared and public goods, offering three critiques on the classical economics of global public goods from a micro-behavioral economics perspective." —Journal of Economic Literature

From the Publisher