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Markets or Governments : Choosing between Imperfect Alternatives - Charles Wolf

Markets or Governments

Choosing between Imperfect Alternatives

Paperback Published: 2nd September 1993
ISBN: 9780262731041
Number Of Pages: 256
For Ages: 18+ years old

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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.

Figures and Tables
Preface
Acknowledgments
The Cardinal Economic Choicep. 1
Market Failurep. 17
Nonmarket Failure: The Demand and Supply Conditionsp. 35
Nonmarket Failure: Types, Sources, and Mechanismsp. 59
Nonmarket Failure and the Analysis of Public Policyp. 103
Comparing Market and Nonmarket Alternatives: General Considerationsp. 117
Comparing Market and Nonmarket Alternatives: Empirical Aspectsp. 137
Conclusions: The Choice between Markets and Governmentsp. 155
Appendix A: Nonmarket Demand, Supply, and Equilibriap. 191
Appendix B: A Survey of Comparisons between Public and Private Service Deliveryp. 201
Bibliographyp. 213
Indexp. 225
Table of Contents provided by Blackwell. All Rights Reserved.

ISBN: 9780262731041
ISBN-10: 0262731045
Series: Markets or Governments
Audience: Professional
For Ages: 18+ years old
Format: Paperback
Language: English
Number Of Pages: 256
Published: 2nd September 1993
Publisher: MIT Press Ltd
Country of Publication: US
Dimensions (cm): 20.96 x 13.97  x 1.91
Weight (kg): 0.32
Edition Number: 2
Edition Type: Revised