UID:
kobvindex_INTNLM010895639
Format:
1 online resource (xvi, 367 p)
ISBN:
9781781950005
Series Statement:
Edward Elgar E-Book Archive
Content:
part 1. New market failure theories -- part 2. Theoretical responses -- part 3. Empirical and experimental responses
Content:
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
Note:
"A book from the Independent Institute"
,
Includes bibliographical references and index
Additional Edition:
Available in another form ISBN 9781843760252(hardback)
Additional Edition:
ISBN 9781843760856(pbk.)
Additional Edition:
ISBN 1843760258
Additional Edition:
ISBN 1843760258
Additional Edition:
ISBN 9781843760252
Additional Edition:
ISBN 9781843760856
Language:
English
DOI:
10.4337/9781781950005
URL:
FULL
((Currently Only Available on Campus))
