Markets or Governments - 2nd Edition: Choosing between Imperfect Alternatives

Wolf Jr., Charles

ISBN 10: 0262731045 / ISBN 13: 9780262731041

Verlag: MIT Press, 1993

In. Bestandsnummer des Verkäufers ria9780262731041_new

Inhaltsangabe:

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.

Über die Autorin bzw. den Autor: Charles Wolf, Jr., is Dean of the RAND Graduate School of Policy Studies and Director of RAND's research program in International Economic Policy.

Bibliografische Details

Titel: Markets or Governments - 2nd Edition: ...
Verlag: MIT Press
Erscheinungsdatum: 1993
Einband: Softcover
Zustand: New
Auflage: 2. Auflage