Format:
1 Online-Ressource (xvi, 367 Seiten)
ISBN:
9781781950005
Note:
"A book from the Independent Institute.. - Includes bibliographical references and index
,
pt. 1. New market failure theories -- pt. 2. Theoretical responses -- pt. 3. Empirical and experimental responses
,
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
Additional Edition:
Erscheint auch als Druckausgabe ISBN 1843760258
Additional Edition:
Erscheint auch als Druckausgabe ISBN 9781843760252
Additional Edition:
Erscheint auch als Druckausgabe ISBN 9781843760856
Language:
English
Subjects:
Economics
Keywords:
Marktversagen
;
Asymmetrische Information
;
Institutionenökonomie
;
Wohlfahrtstheorie
;
Marktversagen
;
Theorie
;
Marktversagen
;
Wirtschaftstheorie
;
Aufsatzsammlung
DOI:
10.4337/9781781950005
URL:
Volltext
(URL des Erstveröffentlichers)
Author information:
Cowen, Tyler 1962-
