Markets or Governments: Choosing between Imperfect Alternatives / Edition 2

Markets or Governments: Choosing between Imperfect Alternatives / Edition 2

by Charles Wolf Jr.
     
 

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.See more details below

Overview

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.

Product Details

ISBN-13:
9780262731041
Publisher:
MIT Press
Publication date:
09/02/1993
Series:
Rand Research Study Series
Edition description:
second edition
Pages:
256
Product dimensions:
5.30(w) x 7.90(h) x 0.70(d)
Age Range:
18 Years

Table of Contents

Figures and Tables
Preface
Acknowledgments
1The Cardinal Economic Choice1
2Market Failure17
3Nonmarket Failure: The Demand and Supply Conditions35
4Nonmarket Failure: Types, Sources, and Mechanisms59
5Nonmarket Failure and the Analysis of Public Policy103
6Comparing Market and Nonmarket Alternatives: General Considerations117
7Comparing Market and Nonmarket Alternatives: Empirical Aspects137
8Conclusions: The Choice between Markets and Governments155
Appendix A: Nonmarket Demand, Supply, and Equilibria191
Appendix B: A Survey of Comparisons between Public and Private Service Delivery201
Bibliography213
Index225

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