Public Goods and Decentralization by Pieter H.M. Ruys
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Public Goods and Decentralization

Public Goods and Decentralization


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About the Book

The introduction of public goods into economic theory has recently received substantial attention from economists. Both the increasing significance of public goods and the deficiencies of the private goods-oriented allocation mechanisms call for a re- orientation of the classical general equilibrium models such as the one designed by Walras exactly a century ago. Although several approaches to this problem are possible, the duality approach seems to be very fruitful. In this study, Dr. Ruys applies and develops the mathematical theory of polarity to gain a deeper insight into the economic theory of value. He not only uses the duality approach to simplify formal proofs related to public goods, but he also gives an interpretation to the application of polarity operations which goes far, beyond its formal significance. This study is in a way closely related to the publication 'Axiomatic choice models' by Dr. H. N. Weddepohl, which is volume 3 of the Tilburg Studies on Economics.


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Product Details
  • ISBN-13: 9789401176378
  • Publisher: Springer
  • Publisher Imprint: Springer
  • Edition: Softcover reprint of the original 1st ed. 1974
  • Language: English
  • Returnable: Y
  • Spine Width: 13 mm
  • Weight: 394 gr
  • ISBN-10: 940117637X
  • Publisher Date: 15 Apr 2012
  • Binding: Paperback
  • Height: 229 mm
  • No of Pages: 246
  • Series Title: Tilburg Studies in Economics
  • Sub Title: The Duality Approach in the Theory of Value
  • Width: 152 mm


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