The Economics of Globally Shared and Public Goods

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.

• 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

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