Umfang:
1 Online-Ressource (xvi, 367 p)
ISBN:
9781781950005
Serie:
Edward Elgar E-Book Archive
Inhalt:
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. The book provides powerful theoretical and empirical rebuttals challenging the assumptions of these new models and questioning the usual policy conclusions. It goes on to demonstrate how an examination of real markets and careful experimental studies are unable to verify the new theories. New frontiers for research are also suggested
Inhalt:
pt. 1. New market failure theories -- pt. 2. Theoretical responses -- pt. 3. Empirical and experimental responses
Anmerkung:
"A book from the Independent Institute
,
Includes bibliographical references and index
Weitere Ausg.:
ISBN 9781843760856 (pbk.)
Weitere Ausg.:
ISBN 1843760258
Weitere Ausg.:
ISBN 9781843760252 (hardback)
Weitere Ausg.:
Available in another form ISBN 9781843760252 (hardback)
Weitere Ausg.:
Elektronische Reproduktion von Market failure or success Cheltenham [u.a.] : Elgar, 2002 ISBN 1843760258
Weitere Ausg.:
ISBN 1843760851
Sprache:
Englisch
Fachgebiete:
Wirtschaftswissenschaften
Schlagwort(e):
Marktversagen
;
Asymmetrische Information
;
Institutionenökonomie
;
Wohlfahrtstheorie
;
Aufsatzsammlung
DOI:
10.4337/9781781950005
URL:
Volltext
(Deutschlandweit zugänglich)
URL:
Deutschlandweit zugänglich
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