Markets or Governments - 2nd Edition: Choosing between Imperfect Alternatives
Language: English
Published by MIT Press, 1993
- Softcover
- New
Seller: BennettBooksLtd, Los Angeles, CA, U.S.A.BennettBooksLtd
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Condition: New
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Seller Inventory # Q-0262731045
- Title
- Markets or Governments - 2nd Edition: Choosing between Imperfect Alternatives
- Author
- Wolf Jr., Charles
- Publisher
- MIT Press
- Publication year
- 1993
- Condition
- New
- Binding
- paperback
- Language
- English
- ISBN 10
- 0262731045
- ISBN 13
- 9780262731041
- Edition
- 2nd Edition
- Item weight
- 12 ounces
- Dimensions
- 84x10x126
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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BennettBooksLtd
Los Angeles, CA, U.S.A.
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