Download or read book Public Goods Mixed Goods and Monopolistic Competition written by Stephen Shmanske and published by Texas A&M University Press. This book was released on 1991 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: Public goods and monopolistic competition have traditionally been separate fields of study in microeconomics, each field having its own array of models. In this book, Stephen Shmanske builds a theoretical bridge between these two areas, suggesting that public goods and monopolistic competition are different dimensional simplifications of the same general model. The author argues first that the generic model for public goods has two dimensions of consumption but that public goods models have usually ignored or simplified the utilization dimension. Furthermore, private goods models in the monopolistic competition vein also have two implicit dimensions of consumption, but again, one of the dimensions is treated in a very constrained fashion. As it turns out, between public goods and monopolistic competition, each model emphasizes the dimension that is ignored or simplified in the other. Thus, the general, mixed goods model draws from both traditions, using the results of one model to generalize and extend the other. An immediate implication of the analysis is that the traditional models of public goods and monopolistic competition have focused on special cases and thus have provided misleading conclusions. Specifically, monopolistic competition and other models of differentiated oligopoly have reached conclusions in settings that emphasize uniform pricing despite the facts that (1) discriminatory pricing has been studied in competitive situations in public goods models, (2) discriminatory pricing is the more usual pricing method, and (3) the results obtained using uniform pricing do not generalize to more sophisticated pricing regimes. Meanwhile, public goods models have focused on special cases like national defense, where the results obtained do not generally apply in other public or mixed goods settings. Shmanske's conclusions have great relevance to policy formation on public goods provision. Public goods and mixed goods are not curious anomalies; they are all around us, and in most cases competitive private sector agents can and have been providing public goods with no market failure. Professionals and scholars in the areas of public finance and industrial organization will appreciate Shmanske's careful critique of existing models and his rigorous conceptualizing and modeling of public goods in private markets characterized by monopolistic competition.
Download or read book Monopolistic Competition and Public Good Provision with By Product Firms written by Paul Pecorino and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: I develop a model in which the voluntary contributions mechanism for the provision of public goods totally breaks down in a large society. A by-product firm sells a private good and uses its profits to provide a public good. By-product firms compete with for-profit firms in a monopolistically competitive industry. If the number of by-product firms is proportional to the size of the society, then public good provision rises without bound as the society grows large. This stands in strong contrast to the results under the voluntary contributions mechanism.
Download or read book Monopolistic Competition Growth and Public Good Provision written by Paul Pecorino and published by . This book was released on 2008 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the standard model, provision of a pure public good is increasing in group size if it is a normal good. I develop a model of public good provision in which private goods are supplied in a monopolistically competitive market. In this context, increases in the size of the group are increases in the population of a society. I find that increases in population lead to reduced public good provision. The reason is quite simple: As population increases, the number of private goods available for consumption also increases. This raises the marginal utility of income and increases the opportunity cost of contributing to the public good.
Download or read book The Relationship of Competitive Public Goods Models and Monopolistic Competition written by Stephen Shmanske and published by . This book was released on 1985 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Competition Versus Monopoly in the Supply of Public Goods written by Werner Güth and published by . This book was released on 1986 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Further Thoughts on public goods mixed goods and the dimensions of consumption written by Peter K Else and published by . This book was released on 1985 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Monopolistic Provision of Excludable Public Goods Under Private Information written by Patrick W. Schmitz and published by . This book was released on 2003 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: There are many commodities that possess the characteristic of non-rivalness in consumption even though exclusion is possible. The focus of this paper is the optimal contract designed by a profit-maximizing monopolist, who can provide an excludable public good to a group of n potential consumers, when the consumers' valuations are private information. Distribution costs and congestion effects are taken into account and the results are related to the cases of private goods and pure public goods. Moreover, the second-best allocation rule, which is welfare-maximizing under the constraint of non-negative profits, is characterized. Interesting properties of the optimal mechanism in the case of many potential consumers are analyzed. The results are less pessimistic than related results from the literature on pure public goods. Furthermore, it turns out that in the limit the monopolist can use simple posted-price contracts. Implications of the model for public intervention are also briefly discussed.
Download or read book Public Goods and Public Allocation Policy written by Rüdiger Pethig and published by Peter Lang Gmbh, Internationaler Verlag Der Wissenschaften. This book was released on 1985 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Public goods with price exclusion / Michael E. Burns and Cliff Walsh -- Free rider and bad wagons / Bengt-Arne Wickström -- Competitive lobbying for group-specific public goods / Rüdiger Pethig -- The MDP-procedure in a regional economy / Oskar von dem Hagen -- Distributive and allocative effects of individual voting behaviour / Horst Hanusch and Peter Biene -- Majority decisions on regional environmental quality and interregional pollution / Ferdi Dudenhöffer -- Environmental policy with pollution interaction / Alfred Endres -- Alternative allocation procedures for public goods / Wolfgang Blümel.
Download or read book Retransmission and U S Compliance with TRIPs written by David J. Brennan and published by Kluwer Law International B.V.. This book was released on 2003-01-01 with total page 374 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book seeks to answer one central question: do the U.S. cable and satellite retransmission statutory licenses comply with the TRIPs minimum standard? As with all legal problems, the resolution of ambiguity provides the challenge and the interest. In this regard, by far the greatest ambiguity is created by the use of the term 'equitable renumeration' in the TRIPs retransmission norm. Resort will be had to not only the drafting history of the TRIPs incorporated Berne Convention article, but also to the discipline of economics and to the field of restitutionary monetary awards in common law countries, to seek to provide a meaning for that term. This book is unique in so far as it purports to undertake to provide an analysis whereby a TRIPs compliance issue is considered fully at a theoretical level in an attempt to provide an answer. In so doing, it is hoped that the analysis will provide a methodology for the consideration of the compliance of national laws with intellectual property treaty obligations, which is of use to anyone who may wish to consider such compliance issues in the future.
Download or read book The Market Or the Public Domain written by Daniel Drache and published by Routledge. This book was released on 2005-07-08 with total page 409 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examining the idea of the return, reconstitution and redeployment of the public domain in a post-Seattle, post-Washington consensus world order, this forward-looking book examines the need to rethink the tenants of global free trade.
Download or read book Meanings of Public and the Future of Public Services written by David A. McDonald and published by Taylor & Francis. This book was released on 2022-09-09 with total page 147 pages. Available in PDF, EPUB and Kindle. Book excerpt: Critically assessing meanings of the term "public", this book situates the emergence and expansion of "public services" within market-based forms of production and consumption. It highlights the potential for making public services more progressive within market societies, but underscores their ongoing capture by private interests and emphasises the inherent limits of reform within a "bourgeois public sphere". The author explores opportunities for more expansive forms of non-marketized public services, examining emerging debates on the theory and practice of equitable, participatory and sustainable forms of publicness that go beyond mere ownership. The book then asks how we can build a robust international "pro-public" movement that juggles universal needs with local context. With a focus on essential public services such as water, electricity and health, the text is global in its scope and written for a broad audience. It will be useful for those interested in social and public policy, public services and public administration, political theory, economic geography, social movements, sustainability and development.
Download or read book Building the European Capacity in Operational Oceanography written by H. Dahlin and published by Gulf Professional Publishing. This book was released on 2003-12-04 with total page 728 pages. Available in PDF, EPUB and Kindle. Book excerpt: Full text e-book available as part of the Elsevier ScienceDirect Earth and Planetary Sciences subject collection.
Download or read book Social Contract Free Ride written by Anthony De Jasay and published by Collected Papers of Anthony de. This book was released on 2008 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a novel account of the public goods dilemma. The author shows how the social contract, in its quest for fairness, actually helps to breed the parasitic 'free riding' it is meant to suppress. He also shows how, in the absence of taxation, many public goods would be provided by spontaneous group co-operation. This would, however, imply some degree of free riding. Unwilling to tolerate such unfairness, co-operating groups would eventually drift from voluntary to compulsory solutions, heedless of the fact that this must bring back free riding with a vengeance. The author argues that the perverse incentives created by the attempt to render public provision assured and fair are a principal cause of the poor functioning of organised society.
Download or read book Encyclopedia of Virtual Communities and Technologies written by Dasgupta, Subhasish and published by IGI Global. This book was released on 2005-10-31 with total page 620 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This encyclopedia of virtual communities and technologies provides a much needed integrated overview of all the critical concepts, technologies and issues in the area of virtual communities"--Provided by publisher.
Download or read book The Right of Communication to the Public in EU Copyright Law written by Justin Koo and published by Bloomsbury Publishing. This book was released on 2019-05-30 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: This monograph conducts a comprehensive analysis of the EU right of communication to the public, one of the exclusive rights under EU copyright law, and provides an alternative framework for its interpretation and application. The present state of the law is unsatisfactory; there is uncertainty in the acquis communautaire and courts at the EU and domestic levels have struggled to apply the right. Therefore, the book identifies the problems with the existing right of communication to the public and proposes recommendations for reform. In addition to reforming the scope of the right of communication to the public, the jurisdiction and applicable law in relation to the right are analysed and changes are recommended. Thus, the book covers both the scope and practicalities of a coherent and effective reform of the right. In light of the continuing development and accompanying tribulations with this right at the EU level, this book provides a topical and timely analysis that will be of interest to academics and practitioners working on EU copyright law. Cited in Opinion of Advocate General Henrik Saugmandsgaard Øe, joined Cases C-682/18 and C-683/18, Frank Peterson v Google LLC, YouTube LLC, YouTube Inc., Google Germany GmbH and Elsevier Inc. v Cyando AG, ECLI:EU:C:2020:586, Court of Justice of the European Union, 16 July 2020.
Download or read book In Defense of Monopoly written by Richard B. McKenzie and published by University of Michigan Press. This book was released on 2019-02-28 with total page 629 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Defense of Monopoly offers an unconventional but empirically grounded argument in favor of market monopolies. Authors McKenzie and Lee claim that conventional, static models exaggerate the harm done by real-world monopolies, and they show why some degree of monopoly presence is necessary to maximize the improvement of human welfare over time. Inspired by Joseph Schumpeter's suggestion that market imperfections can drive an economy's long-term progress, In Defense of Monopoly defies conventional assumptions to show readers why an economic system's failure to efficiently allocate its resources is actually a necessary precondition for maximizing the system's long-term performance: the perfectly fluid, competitive economy idealized by most economists is decidedly inferior to one characterized by market entry and exit restrictions or costs. An economy is not a board game in which players compete for a limited number of properties, nor is it much like the kind of blackboard games that economists use to develop their monopoly models. As McKenzie and Lee demonstrate, the creation of goods and services in the real world requires not only competition but the prospect of gains beyond a normal competitive rate of return.
Download or read book Microeconomics written by Douglas McTaggart and published by Pearson Higher Education AU. This book was released on 2012-10-04 with total page 444 pages. Available in PDF, EPUB and Kindle. Book excerpt: High quality, engaging content for students…ultimate flexibility for educators The seventh edition of this benchmark Australian text continues to offer students a comprehensive and relevant introduction to economics whilst offering educators the ability to customise and deliver content – your way. Microeonomics 7th edition provides a streamlined approach to study and recognises the difficulties some students may face in comprehending key concepts. By leaving the more technical content and application until later, students can enjoy the more exciting policy material from the beginning and engage with the content early. Through compelling examples, clear explanations and the latest instructive on-line resources, the text draws students into the content and reinforces learning through practice and solving problems which are relevant to them. The authors train students to think about issues in the way real economists do, and learn how to explore difficult policy problems and make more informed decisions by offering a clear introduction to theory and applying the concepts to today’s events, news, and research.
