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This state-of-the art collection of papers analyses various aspects of the theory of externalities and public goods … underpinnings of the theory. Furthermore, they highlight a range of topical empirical applications including climate policy and … counterterrorism. This contributed volume was written in memory of Richard C. Cornes, a pioneer in the theory of externalities and …
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We consider a two-person Cournot game of voluntary contributions to a public good with identical individual preferences, and examine equilibrium aggregate welfare under a separable, symmetric and concave social welfare function. Assuming the public good is pure, Itaya, de Meza and Myles (Econ....
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