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Complex externalities: introduction to the special issue

Author

Listed:
  • Pablo Paniagua

    (King’s College London
    Universidad del Desarrollo (UDD))

  • Veeshan Rayamajhee

    (New Mexico State University)

  • Ilia Murtazashvili

    (University of Pittsburgh)

Abstract

This paper introduces the special issue on complex externalities and public choice. The collection of essays extends analytical bridges between public choice, property rights economics, and new institutional economics. The essays question many of our prevailing assumptions behind the standard conceptualization of externalities. They also offer pragmatic and theoretical alternatives and apply these insights to analyze radio spectrum, environmental pollution, intellectual property, and public health issues. These essays demonstrate the ongoing significance of public choice in addressing society’s most pressing challenges.

Suggested Citation

  • Pablo Paniagua & Veeshan Rayamajhee & Ilia Murtazashvili, 2024. "Complex externalities: introduction to the special issue," Public Choice, Springer, vol. 201(3), pages 377-385, December.
    • Handle: RePEc:kap:pubcho:v:201:y:2024:i:3:d:10.1007_s11127-024-01176-y
    DOI: 10.1007/s11127-024-01176-y
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    References listed on IDEAS

    as
    1. Rayamajhee, Veeshan & Paniagua, Pablo, 2021. "The Ostroms and the contestable nature of goods: beyond taxonomies and toward institutional polycentricity," Journal of Institutional Economics, Cambridge University Press, vol. 17(1), pages 71-89, February.
    2. Buchanan, James M & Yoon, Yong J, 2000. "Symmetric Tragedies: Commons and Anticommons," Journal of Law and Economics, University of Chicago Press, vol. 43(1), pages 1-13, April.
    3. Glenn Furton & Adam Martin, 2019. "Beyond market failure and government failure," Public Choice, Springer, vol. 178(1), pages 197-216, January.
    4. Ilia Murtazashvili & Veeshan Rayamajhee & Keith Taylor, 2023. "The Tragedy of the Nurdles: Governing Global Externalities," Sustainability, MDPI, vol. 15(9), pages 1-15, April.
    5. William Keech & Michael Munger, 2015. "Erratum to: The anatomy of government failure," Public Choice, Springer, vol. 164(1), pages 43-44, July.
    6. William Nordhaus, 2019. "Climate Change: The Ultimate Challenge for Economics," American Economic Review, American Economic Association, vol. 109(6), pages 1991-2014, June.
    7. Edella Schlager & Elinor Ostrom, 1992. "Property-Rights Regimes and Natural Resources: A Conceptual Analysis," Land Economics, University of Wisconsin Press, vol. 68(3), pages 249-262.
    8. Casey B. Mulligan, 2023. "Beyond Pigou: externalities and civil society in the supply–demand framework," Public Choice, Springer, vol. 196(1), pages 1-18, July.
    9. Rayamajhee, Veeshan & Paniagua, Pablo, 2022. "Coproduction and the crafting of cognitive institutions during the COVID-19 pandemic," Journal of Institutional Economics, Cambridge University Press, vol. 18(6), pages 961-967, December.
    10. Marek Hudik, 2024. "Externality as a coordination problem," Public Choice, Springer, vol. 201(3), pages 495-510, December.
    11. James Buchanan, 1973. "The institutional structure of externality," Public Choice, Springer, vol. 14(1), pages 69-82, March.
    12. Peter T. Leeson & Henry A. Thompson, 2023. "Public choice and public health," Public Choice, Springer, vol. 195(1), pages 5-41, April.
    13. Casey B. Mulligan, 2023. "Beyond Pigou: Externalities and Civil Society in the Supply-Demand Framework," NBER Working Papers 31095, National Bureau of Economic Research, Inc.
    14. R. H. Coase, 2013. "The Problem of Social Cost," Journal of Law and Economics, University of Chicago Press, vol. 56(4), pages 837-877.
    15. Elinor Ostrom, 2016. "Nested Externalities and Polycentric Institutions: Must We Wait for Global Solutions to Climate Change Before Taking Actions at Other Scales?," Studies in Economic Theory, in: Graciela Chichilnisky & Armon Rezai (ed.), The Economics of the Global Environment, pages 259-276, Springer.
    16. William Keech & Michael Munger, 2015. "The anatomy of government failure," Public Choice, Springer, vol. 164(1), pages 1-42, July.
    17. Paniagua, Pablo & Rayamajhee, Veeshan, 2022. "A polycentric approach for pandemic governance: nested externalities and co-production challenges," Journal of Institutional Economics, Cambridge University Press, vol. 18(4), pages 537-552, August.
    18. Vaughn Bryan Baltzly, 2024. "Two (lay) dogmas on externalities," Public Choice, Springer, vol. 201(3), pages 471-494, December.
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