The Theory of Externalities, Public Goods, and Club GoodsThis book presents a theoretical treatment of externalities (i. e. uncompensated interdependencies), public goods, and club goods. The new edition updates and expands the discussion of externalities and their implications, coverage of asymmetric information, underlying game theoretic formulations, and intuitive and graphical presentations. Aimed at well prepared undergraduates and graduate students making a serious foray into this branch of economics,