The Economics of Globally Shared and Public Goods responds to an urgent need to consolidate and refine the economic theories and explanations pertinent to globally shared resources. Making a clear distinction between theories and empirical models, it elucidates the problem of global public goods while incorporating insights from behavioral economics. Its comprehensive and technical review of existing theoretical models and their empirical results illuminate those models in practical applications. Relevant for economists and others working on challenges of globally shared goods such as climate change and global catastrophes, 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
- Defines a set of optimality conditions for a solution applicable to many problems
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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
Professor S. Niggol Seo is a natural resource economist who specializes in the study of global warming. He received his PhD in Environmental and Natural Resource Economics from Yale University in 2006 with a dissertation on microbehavioral models of global warming. Since 2003, he has worked with the World Bank on various climate change projects in Africa, Latin America, and Asia. He held professor positions in the United Kingdom, Spain, and Australia from 2006 to 2015. Since September 2015, he is Professor of Environmental & Natural Resource Economics at the Muaebak Institute of Global Warming Studies in Seoul, South Korea. Prof. Seo has published six books and over 50 international journal articles on the economics of global warming.