Markets or Governments

Name: Markets or Governments
Price: 85 AUD
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ISBN: 9780262731041

Choosing between Imperfect Alternatives

Charles Wolf, Jr., Jr.

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English

MIT Press
02 September 1993

Universities; Central government; Economic theory & philosophy; Public finance

Series: Markets or Governments

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.

By: Charles Wolf Jr. Jr.
Imprint: MIT Press
Country of Publication: United States
Edition: second edition
Dimensions: Height: 201mm, Width: 135mm, Spine: 18mm
Weight: 340g
ISBN: 9780262731041
ISBN 10: 0262731045
Series: Markets or Governments
Pages: 256
Publication Date: 02 September 1993
Recommended Age: From 18 years
Audience: College/higher education , Professional and scholarly , Professional & Vocational , A / AS level , Further / Higher Education
Format: Paperback
Publisher's Status: Inactive

Charles Wolf, Jr., is Dean of the RAND Graduate School of Policy Studies and Director of RAND's research program in International Economic Policy.