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13-06-2024 | Editorial Notes

Complex externalities: introduction to the special issue

Authors: Pablo Paniagua, Veeshan Rayamajhee, Ilia Murtazashvili

Published in: Public Choice | Issue 3-4/2024

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Abstract

The article delves into the intricate nature of complex externalities, which are costs or benefits incurred by third parties outside of a transaction. Traditional economic solutions, often involving government intervention, are critiqued for their limitations in addressing large-scale challenges like climate change and pandemics. The authors emphasize the importance of polycentric governance, which involves multiple centers of decision-making, to effectively manage these complex issues. The special issue features eleven essays that build on the insights of public choice scholars and apply them to modern contexts, highlighting the need for a more comprehensive understanding of externalities and their governance.
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Metadata
Title
Complex externalities: introduction to the special issue
Authors
Pablo Paniagua
Veeshan Rayamajhee
Ilia Murtazashvili
Publication date
13-06-2024
Publisher
Springer US
Published in
Public Choice / Issue 3-4/2024
Print ISSN: 0048-5829
Electronic ISSN: 1573-7101
DOI
https://doi.org/10.1007/s11127-024-01176-y

Other articles of this Issue 3-4/2024

Markets and knowledge commons: Is there a difference between private and community governance of markets?

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Government externalities

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Prevention externalities: private and public responses to the 1878 yellow fever epidemic

The institutional structure of pollution: large-scale externalities and the common law

Correction: Markets and knowledge commons: is there a difference between private and community governance of markets?

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  • Correction

Two (lay) dogmas on externalities

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