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Paperback Externality and Institutions Book

ISBN: 0198293070

ISBN13: 9780198293071

Externality and Institutions

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Format: Paperback

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Book Overview

This is a concise and distinctive survey of externality theory. Externalities are the costs and benefits imposed when a decision such as that to build a new road is taken. The author both reviews the existing literature and provides a methodological guide for economists wishing to utilize the externality theory. The book affords an indispensable description of the ideas and issues behind the theory of externalities.

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