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- Externality and Institutions
Externality and Institutions
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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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