Economics of Involuntary Transfers : A Unified Approach to Pollution and Congestion Externalities

I: A Selected Review of the Literature -- The Controversy over Pigou’s Increasing Cost Theorem -- Between Controversies -- The Controversy over Coase’s Neutrality Theorem: the Case for Coase -- The Pigovian Revival: the Case against Coase -- Recent Developments -- Summary and Prelude -- II: A Theory of Involuntary Transfers -- Three Kinds of Jointness -- Defensive Strategies -- Formal Model -- General Case -- III: Air Pollution in London, an Exemplary Involuntary Transfer -- Setting of the Model -- The Naive Model -- Non-linearities and Lag Structure -- Conclusions and Further Research -- List of Symbols.