| Microeconomics of Market Failures Contributor(s): Salanie, Bernard (Author) |
|
 |
ISBN: 0262528568 ISBN-13: 9780262528566 Publisher: MIT Press OUR PRICE: $39.60 Product Type: Paperback - Other Formats Published: October 2000 |
| Additional Information |
| BISAC Categories: - Business & Economics | Economics - Microeconomics |
| Dewey: 338.5 |
| Series: Mit Press |
| Physical Information: 0.55" H x 6" W x 9" (0.79 lbs) 240 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: Bernard Salani studies situations where competitive markets fail to achieve a collective optimum and the interventions used to remedy these so-called market failures. 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 well as 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. |
Contributor Bio(s): Salanie, Bernard: - Bernard Salanié is Professor of Economics at Columbia University. Formerly Director of CREST (Paris), he has taught at Ecole Polytechnique, Stanford University, the University of Chicago, and the Toulouse School of Economics. Salanié is the author of Microeconomics of Market Failures (2000) and The Economics of Contracts: A Primer (second edition, 2005), both published by the MIT Press. |