Markets or Governments, second edition: Choosing between Imperfect Alternatives

by Charles Wolf Jr.

Book Overview

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...

• Format: Paperback
• Language: English
• ISBN: 0262731045
• ISBN13: 9780262731041
• Release Date: September 1993
• Publisher: MIT Press
• Length: 258 Pages
• Weight: 0.75 lbs.
• Dimensions: 0.6" x 5.4" x 8.0"
• Age Range: 18 years and up
• Grade Range: Postsecondary and higher