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The Lighthouse In Economics
"The Lighthouse in Economics" is a 1974 academic paper written by British economist Ronald H. Coase, the 1991 winner of thNobel Prize in Economic Sciences This paper challenges the traditional view in economics that lighthouses are public goods, and more specifically the prevailing consensus that the private construction and operation of lighthouses was not feasible. Coase's arguments are based on the experiences of Britain from the 17th to 19th centuries. Coase aligned lighthouses more with club goods because they are excludable by way of charging port fees. While some characterize the paper as discursive, it is generally viewed—for example, see Posner (1993)—as providing insight into the dimensions of public goods. The paper has been criticized by Van Zandt (1993), Bertrand (2006) and others for not fully appreciating the characteristic of non-excludability of public goods. Historical records showed that those lighthouses which ran on voluntary payment did not survive long a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Academic Publishing
Academic publishing is the subfield of publishing which distributes academic research and scholarship. Most academic work is published in academic journal articles, books or theses. The part of academic written output that is not formally published but merely printed up or posted on the Internet is often called "grey literature". Most scientific and scholarly journals, and many academic and scholarly books, though not all, are based on some form of peer review or editorial refereeing to qualify texts for publication. Peer review quality and selectivity standards vary greatly from journal to journal, publisher to publisher, and field to field. Most established academic disciplines have their own journals and other outlets for publication, although many academic journals are somewhat interdisciplinary, and publish work from several distinct fields or subfields. There is also a tendency for existing journals to divide into specialized sections as the field itself becomes more spec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |