Markets or Governments

Choosing between Imperfect Alternatives

By:

Charles Wolf

Format:

Paperback / softback

Series:

Markets or Governments

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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 Biography:

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

Release date Australia

September 2nd, 1993

Author

Charles Wolf

Audiences

Postgraduate, Research & Scholarly
Professional & Vocational
Undergraduate

Edition

Second Edition

Interest Age

From 18 years

Pages

256

Series

Markets or Governments

Dimensions

135x201x18

ISBN-13

9780262731041

Product ID

13918406

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