Microeconomics Of Market Failures

Author : Bernard Salanie
Publisher : MIT Press
ISBN 13 : 0262264625
Total Pages : 239 pages
Book Rating : 4.24/5 ( download)

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Download or read book Microeconomics of Market Failures written by Bernard Salanie and published by MIT Press. This book was released on 2000-10-10 with total page 239 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bernard Salanié studies situations where competitive markets fail to achieve a collective optimum and the interventions used to remedy these so-called market failures. In this book Bernard Salanié studies situations where competitive markets fail to achieve a collective optimum and the interventions used to remedy these so-called market failures. He includes discussions of theories of collective decision making, as well as elementary models of public economics and industrial organization. Although public economics is traditionally defined as the positive and normative study of government action over the economy, Salanié confines himself to microeconomic aspects of welfare economics; he considers taxation and the effects of public spending only as potential remedies for market failures. He concludes with a discussion of the theory of general equilibrium in incomplete markets.

Author : Clifford Winston
Publisher : Brookings Institution Press
ISBN 13 :
Total Pages : 154 pages
Book Rating : 4.47/5 ( download)

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Download or read book Government Failure Versus Market Failure written by Clifford Winston and published by Brookings Institution Press. This book was released on 2006 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt: When should government intervene in market activity? When is it best to let market forces simply take their natural course? How does existing empirical evidence about government performance inform those decisions? Brookings economist Clifford Winston uses these questions to frame a frank empirical assessment of government economic intervention in Government Failure vs.

Author : Bernard Salanié
Publisher :
ISBN 13 : 9780262282864
Total Pages : 224 pages
Book Rating : 4.60/5 ( download)

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Download or read book The Microeconomics of Market Failures written by Bernard Salanié and published by . This book was released on 2000 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: Annotation In this book Bernard Salanié studies situations where competitive markets fail to achieve a collective optimum and the interventions used to remedy these so-called market failures. He includes discussions of theories of collective decision making, as well as elementary models of public economics and industrial organization. Although public economics is traditionally defined as the positive and normative study of government action over the economy, Salanié confines himself to microeconomic aspects of welfare economics; he considers taxation and the effects of public spending only as potential remedies for market failures. He concludes with a discussion of the theory of general equilibrium in incomplete markets.

Author : Clifford Winston
Publisher : Brookings Institution Press
ISBN 13 : 081579391X
Total Pages : 147 pages
Book Rating : 4.15/5 ( download)

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Download or read book Government Failure versus Market Failure written by Clifford Winston and published by Brookings Institution Press. This book was released on 2007-04-01 with total page 147 pages. Available in PDF, EPUB and Kindle. Book excerpt: When should government intervene in market activity and when is it best to let market forces take their natural course? How does the existing empirical evidence about government performance guide our answers to these questions? In this clear, concise book, Clifford Winston offers his innovative analysis—shaped by thirty years of evidence—to assess the efficacy of government interventions. Markets fail when it is possible to make one person better off without making someone else worse off, thus indicating inefficiency. Governments fail when an intervention is unwarranted because markets are performing well or when the intervention fails to correct a market problem efficiently. Winston concludes from existing research that the cost of government failure may actually be considerably greater than the cost of market failure: "My search of the evidence is not limited to policy failures. I will report success stories, but few of them emerged from my search." The prevalence of market failure is due to a lack of conviction in favor of markets, the inflexibility of intervening government agencies, and political forces that enable certain interest groups to benefit at the expense of society as a whole. Winston suggests that government policy can be improved by making greater use of market-oriented solutions that have already produced benefits in certain situations.

Author : Craig Newmark
Publisher : Routledge
ISBN 13 : 1135969450
Total Pages : 458 pages
Book Rating : 4.55/5 ( download)

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Download or read book Readings in Applied Microeconomics written by Craig Newmark and published by Routledge. This book was released on 2009-06-16 with total page 458 pages. Available in PDF, EPUB and Kindle. Book excerpt: This reader encourages students to appreciate the power of the market, including specific examples and addressing questions on whether markets actually work well and offering evidence that market failures are not as serious or as common as claimed.

Author : Stephen Munday
Publisher : Heinemann
ISBN 13 : 9780435330507
Total Pages : 136 pages
Book Rating : 4.00/5 ( download)

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Download or read book Markets and Market Failure written by Stephen Munday and published by Heinemann. This book was released on 2000 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt: Markets and Market Failure provides a comprehensive introduction to this important area.

Author : Charles Wolf, Jr.
Publisher : MIT Press
ISBN 13 : 9780262731041
Total Pages : 260 pages
Book Rating : 4.45/5 ( download)

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Download or read book Markets or Governments, second edition written by Charles Wolf, Jr. and published by MIT Press. This book was released on 1993-09-02 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides 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. 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. The discussion of earlier literature that is relevant to the theory of nonmarket failure has been expanded.

Author : Tyler Cowen
Publisher : Transaction Publishers
ISBN 13 : 9781412832380
Total Pages : 394 pages
Book Rating : 4.81/5 ( download)

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Download or read book Public Goods and Market Failures written by Tyler Cowen and published by Transaction Publishers. This book was released on with total page 394 pages. Available in PDF, EPUB and Kindle. Book excerpt: Assertions of market failure are usually based on Paul Samuelson's theory of public goods and externalities. This book both develops that theory and challenges the conclusion of many economists and policy-makers that market failures cannot be corrected by market forces. The volume includes major case studies of private provision of public goods. Among the goods considered are lighthouse services, education, municipal services, and environmental conservation.

Author : Daniel Spulber
Publisher : Wiley-Blackwell
ISBN 13 : 9780631226741
Total Pages : 320 pages
Book Rating : 4.45/5 ( download)

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Download or read book Famous Fables of Economics written by Daniel Spulber and published by Wiley-Blackwell. This book was released on 2001-12-04 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: Famous Fables of Economics critiques some of our most cherished stories of market failure.

Author : B. Dollery
Publisher : Springer
ISBN 13 : 0230372961
Total Pages : 214 pages
Book Rating : 4.62/5 ( download)

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Download or read book Market Failure, Government Failure, Leadership and Public Policy written by B. Dollery and published by Springer. This book was released on 1999-07-19 with total page 214 pages. Available in PDF, EPUB and Kindle. Book excerpt: A global wave of reform is fundamentally reshaping the role of the state in national economies. This book provides a fresh and accessible perspective on the political economy of this megatrend. It traces the theoretical roots of the reforms to developments in public economics which emphasize problems of government rather than market failure. It then breaks new ground in developing an economic theory of leadership to explain how policy leadership networks can strive to influence the direction of reform processes.