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Markets or Governments

Choosing Between Imperfect Alternatives - Second Edition

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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.

Zakup książki

Markets or Governments, Charles Wolf Jr.

Język
Rok wydania
1993
Oprawa
(miękka),
Stan książki
Dobry
Cena
12,33 zł

Metody płatności

3,5
Dobra
14 Ocena

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Tytuł
Markets or Governments
Podtytuł
Choosing Between Imperfect Alternatives - Second Edition
Język
angielski
Wydawca
MIT Press
Rok wydania
1993
Oprawa
miękka
Liczba stron
256
ISBN10
0262731045
ISBN13
9780262731041
Seria
Ocena
3,5 z 5
Opis
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.