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Thesis (doctoral)--Université Jean-Moulin (Lyon III), 2002.

Public domain --- Public goods --- Property --- Goods, Public --- Finance, Public --- Welfare economics --- Free rider problem (Economics)

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This book examines how nations and other key participants in the global community address problems requiring collective action. The global community has achieved some successes, such as eradicating smallpox, but other efforts to coordinate nations' actions, such as the reduction of drug trafficking, have not been sufficient. This book identifies the factors that promote or inhibit successful collective action at the regional and global level for an ever-growing set of challenges stemming from augmented cross-border flows associated with globalization. Modern principles of collective action are identified and applied to a host of global challenges, including promoting global health, providing foreign assistance, controlling rogue nations, limiting transnational terrorism, and intervening in civil wars. Because many of these concerns involve strategic interactions where choices and consequences are dependent on one's own and others' actions, the book relies, in places, on elementary game theory that is fully introduced for the uninitiated reader.

International cooperation --- Alliances --- Globalization --- Public goods --- Game theory --- Decision making --- 327.116 --- Deciding --- Decision (Psychology) --- Decision analysis --- Decision processes --- Making decisions --- Management --- Management decisions --- Choice (Psychology) --- Problem solving --- Games, Theory of --- Theory of games --- Mathematical models --- Mathematics --- Goods, Public --- Finance, Public --- Welfare economics --- Global cities --- Globalisation --- Internationalization --- International relations --- Anti-globalization movement --- Treaties of alliance --- Treaties --- Cooperation, International --- Global governance --- Institutions, International --- Interdependence of nations --- International institutions --- World order --- Cooperation --- International organization --- Law and legislation --- Business, Economy and Management --- Economics --- Free rider problem (Economics) --- International cooperation. --- Alliances. --- Globalization. --- Public goods. --- Game theory. --- Decision making.

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This paper articulates a logical foundation-drawn from disparate literatures-for understanding why safeguarding financial stability is an important economic policy objective. The paper also explains why private aspects of finance provide broader social economic benefits and have the characteristics of public goods. Unique aspects of finance are examined, as are the linkages between finance, money, and the real economy. Sources of market imperfections in finance are identified and their implications are analyzed. The arguments imply that reaping the full private and social economic benefits of finance requires both private-collective and public-policy involvement as well as a delicate balance between maximizing the benefits of positive externalities (and public goods) and minimizing the costs (including potential instabilities) of other sources of market imperfections in finance.

Finance, Public. --- Fiscal policy. --- Public goods. --- Goods, Public --- Finance, Public --- Welfare economics --- Free rider problem (Economics) --- Tax policy --- Taxation --- Economic policy --- Cameralistics --- Public finance --- Public finances --- Currency question --- Government policy --- Banks and Banking --- Finance: General --- Macroeconomics --- Industries: Financial Services --- Information and Market Efficiency --- Event Studies --- General Financial Markets: Government Policy and Regulation --- Monetary Systems --- Standards --- Regimes --- Government and the Monetary System --- Payment Systems --- Financial Markets and the Macroeconomy --- Money Supply --- Credit --- Money Multipliers --- Central Banks and Their Policies --- Incomplete Markets --- Allocative Efficiency --- Cost-Benefit Analysis --- Externalities --- Asymmetric and Private Information --- Public Goods --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Macroeconomics: Consumption --- Saving --- Wealth --- Portfolio Choice --- Investment Decisions --- Aggregate Factor Income Distribution --- Finance --- Banking --- Financial sector stability --- Consumption --- Liquidity --- Loans --- Financial sector policy and analysis --- National accounts --- Financial institutions --- Asset and liability management --- Purchasing power --- Banks and banking --- Financial services industry --- Economics --- Income --- United States