Markets or Governments: Choosing between Imperfect Alternatives
(Paperback, second edition)
Publishing Details
Markets or Governments: Choosing between Imperfect Alternatives
By (Author) Charles Wolf
MIT Press Ltd
MIT Press
2nd September 1993
second edition
United States
Classifications
Tertiary Education
Non Fiction
Public finance and taxation
Central / national / federal government
Higher education, tertiary education
338.9
Physical Properties
Paperback
256
Width 135mm, Height 201mm, Spine 18mm
340g
Description
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"aims to provide 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.
Author Bio
Charles Wolf, Jr., is Dean of the RAND Graduate School of Policy Studies and Director of RAND's research program in International Economic Policy.
