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Bernard Salanie

Microeconomics of Market Failures

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ISBN: 0262194430, 9780262194433
Издательство: MIT Press
Год издания: 2000
Страниц: 238
In this book Bernard Salani studies situations where competitive markets fail to achieve a collective optimum and the interventions used to remedy these so-called market failures. He includes discussions of theories of collective decision making, as wellas elementary models of public economics and industrial organization. Although public economics is traditionally defined as the positive and normative study of government action over the economy, Salani confines himself to microeconomic aspects of welfare economics; he considers taxation and the effects of public spending only as potential remedies for market failures. He concludes with a discussion of the theory of general equilibrium in incomplete markets.