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- 256 pages
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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.
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Markets or Governments, Charles Wolf Jr.
- Language
- Released
- 1993
- product-detail.submit-box.info.binding
- (Paperback)
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- Title
- Markets or Governments
- Subtitle
- Choosing Between Imperfect Alternatives - Second Edition
- Language
- English
- Authors
- Charles Wolf Jr.
- Publisher
- MIT Press
- Released
- 1993
- Format
- Paperback
- Pages
- 256
- ISBN10
- 0262731045
- ISBN13
- 9780262731041
- Series
- Tags
- Non-Fiction, Social Sciences, True Stories, Business, Business & Management, Science & Math, Self-Help, Medicine, Cookbooks, Cookbooks, Food & Drinks, Psychological Topics, Philosophical Topics, References & Manuals, Family, Economics, Health, Relationships, Health & Fitness, Opinion Journalism & Essays, Environmental Themes, Food, School, Education & School System, Ecology, Sociology, Death, Medicine, England, Society, Nutrition & Diets, Mental Health, Finance, Political Theories, Money, 21st Century, Drugs, Poverty, Brothers, Vegetarianism, Globalization, Capitalism, Aging, Strategy, Economic Policy, Kitchen
- Rating
- 3.5 out of 5
- Description
- 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.