The failure of market failure
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Richard O. Zerbe Jr; Howard E. McCurdy
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Article
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1999
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John Wiley and Sons
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English
β 80 KB
π 2 views
The concept of market failure was originally presented by economists as a normative explanation of why the need for government expenditures might arise. Gradually, the concept has taken on the form of a full-scale diagnostic tool frequently employed by policy analysts to determine the exact scope an