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The Economics of Globally Shared and Public Goods - 1st Edition - ISBN: 9780128196588

The Economics of Globally Shared and Public Goods

1st Edition

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Authors: S. Niggol Seo
Paperback ISBN: 9780128196588
Imprint: Academic Press
Published Date: 1st September 2020
Page Count: 350
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The Economics of Globally Shared and Public Goods responds to an urgent need to consolidate and upgrade the economic theories and explanations related to these shared resources. Making a clear distinction between theory and empirics, it concentrates on the problem of global public goods provision while incorporating insights from behavioral economics. Its comprehensive and technical review of existing theoretical models of global public goods and their empirical results illuminate those models in practice. Relevant for economists and others working on issues of global public goods such as climate change and disease eradication, The Economics of Globally Shared and Public Goods provides a path toward greater co-operation and shared successes.

Key Features

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


Upper-division undergraduates through professionals working on public economics

Table of Contents

1. An Introduction to the Challenges of Public and Globally Shared Goods in Economics and Policy-making
2. The Economics of Public Goods and Club Goods
3. The Economics of Global Scale Public Goods: Key Challenges and Theories
4. A Critique of the Economics of Global Public Goods: A Microbehavioral Theory and Model
5. A Critique of the Economics of Global Public Goods: Economics of Non-cooperative Games
6. A Critique of the Economics of Global Public Goods: The Economics of a Global Public Good Fund
7. The Economics of Globally Shared Goods
8. Extensions of the Economic Theory to a Basket of Globally Shared Goods

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


No. of pages:
© Academic Press 2021
1st September 2020
Academic Press
Paperback ISBN:

About the Author

S. Niggol Seo

S. Niggol Seo is a natural resource economist who has specialized in the study of global warming and globally-shared goods. He received a Ph.D. degree in Environmental and Natural Resource Economics from Yale University in May 2006 with a dissertation on microbehavioral models of global warming. While at Yale, he learned from Professors Robert Mendelsohn and William Nordhaus (Nobel Prize in 2018) on the economics of global warming. Since 2003, he has worked on various World Bank projects on climate change in Africa, Latin America, and Asia. He held professor positions in the UK, Spain, and Australia from 2006 to 2015. Professor Seo has published over a hundred (peer reviewed) articles on global warming economics, which include seven books. He has been on the editorial boards of the three journals: Food Policy, Climatic Change, and Applied Economic Perspectives and Policy. He received an Outstanding Applied Economic Perspectives and Policy Article Award from the Agricultural and Applied Economics Association (AAEA) in Pittsburgh in June 2011 for developing a microbehavioral economic model of adaptations to climate change.

Affiliations and Expertise

Muaebak Institute of Global Warming Studies, Seoul, South Korea

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