Microeconomics of Market Failures (The MIT Press)

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9780262528566: Microeconomics of Market Failures (The MIT Press)
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Bernard Salaniť 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 Salaniť 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, Salaniť 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.

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About the Author:

Bernard Salanié is Professor of Economics at Columbia University. Formerly Director of CREST (Paris), he has taught at Ecole Polytechnique, Stanford University, the University of Chicago, and the Toulouse School of Economics. Salanié is the author of Microeconomics of Market Failures (2000) and The Economics of Contracts: A Primer (second edition, 2005), both published by the MIT Press.

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Book Description MIT Press Ltd, United States, 2000. Paperback. Condition: New. Language: English. Brand new Book. Bernard Salanie 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 Salanie 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, Salanie 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. Seller Inventory # APC9780262528566

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Book Description MIT Press Ltd, United States, 2000. Paperback. Condition: New. Language: English. Brand new Book. Bernard Salanie 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 Salanie 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, Salanie 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. Seller Inventory # APC9780262528566

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