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Market Failure (Hardcover) Loot Price: R28,422
Discovery Miles 284 220
Repayment Terms: R2,664 pm x 12*
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Market Failure (Hardcover): Stephen Martin

Market Failure (Hardcover)

Stephen Martin

Series: The International Library of Critical Writings in Economics series

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Loot Price R28,422 Discovery Miles 284 220 | Repayment Terms: R2,664 pm x 12*

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The powerful theorems of welfare economics operate under a range of assumptions. Two of the most significant are the existence of competitive markets for all goods and services - including futures markets - and the unbounded rationality of all economic agents who act independently to maximize payoffs. In the contributions discussed in this research review, economists come to grips with the consequences of markets falling short of assumptions, as well as the response of institutions to observed market characteristics. This comprehensive study will be of interest to economists and policymakers who wish to understand the strengths and limitations of the market mechanism of resource allocation.

General

Imprint: Edward Elgar Publishing Ltd
Country of origin: United Kingdom
Series: The International Library of Critical Writings in Economics series
Release date: December 2019
Editors: Stephen Martin
Dimensions: 244 x 169mm (L x W)
Format: Hardcover
Pages: 2120
ISBN-13: 978-1-78643-228-5
Categories: Books > Business & Economics > Economics > Political economy
Books > Social sciences > Sociology, social studies > Social welfare & social services > Welfare & benefit systems
Books > Business & Economics > Economics > Economic systems > General
Books > Business & Economics > Business & management > Ownership & organization of enterprises > General
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LSN: 1-78643-228-5
Barcode: 9781786432285

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