Markets or Governments: Choosing Between Imperfect Alternatives - PDF free download eBook

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  • Published: 20.01.2019
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Introduction

A theory of market failures is well-established in economics, but the same has not been true for the study of nonmarket failures. Markets or Governments remedies this situation by providing a...

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Details of Markets or Governments: Choosing Between Imperfect Alternatives

Original Title
Markets or Governments: Choosing Between Imperfect Alternatives
ISBN13
9780262731041
First Published
1990 year
Edition Format
Paperback
Number of Pages
256 pages
Book Language
English
Ebook Format
PDF, EPUB

Some brief overview of this book

A theory of market failures is well-established in economics, but the same has not been true for the study of nonmarket failures. Markets or Governments remedies this situation by providing a formal theory of nonmarket failure, analyzing such problems as redundant costs, monopoly, frequency of unanticipated externalities, and bureaucracy in such nonmarket institutions as f A theory of market failures is well-established in economics, but the same has not been true for the study of nonmarket failures. Markets or Governments remedies this situation by providing a formal theory of nonmarket failure, analyzing such problems as redundant costs, monopoly, frequency of unanticipated externalities, and bureaucracy in such nonmarket institutions as foundations, universities, and government.

This new edition updates the data and results contained in the first edition and includes references and applications of the theory to the ongoing process of system transformation in Russia, Ukraine, and Eastern Europe.

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