Market failure or success : the new debate / edited by Tyler Cowen and Eric Crampton.
Material type:
TextSeries: Independent studies in political economyPublication details: Cheltenham, UK ; Northampton, Mass., USA : E. Elgar, c2002.Description: xvi, 367 p. ; 24 cmISBN: - 1843760851 (pbk)
- 9781843760856 (pbk)
- 1843760258 (hbk)
- 330.12'2 22
- HB501 .M33124 2002
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| 330.1'09'034 GRO Classics and moderns in economics : | 330.12'2 GAD New economy, new myth / | 330.12'2 LAP Social foundations of markets, money, and credit / | 330.12'2 MAR Market failure or success : | 330.122'944 HAY The state and the market economy : | 330.12'6 REN Renegotiating the welfare state : | 330.15'09'04 GIO Modeling rational agents : |
"A book from the Independent Institute."
Includes bibliographical references and index.
Recent years have seen the development of new theories of market failure based on asymmetric information and network effects. According to the new paradigm, we can expect substantial failure in the markets for labor, credit, insurance, software, new technologies and even used cars, to give but a few examples. This volume brings together the key papers on the subject, including classic papers by Joseph Stiglitz, George Akerlof and Paul David.
oif 30/07/14; 20/02/15
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