Government failure versus market failure
Subtitle: microeconomics policy research and government performance
By: Clifford Winston.
Publisher: AEI-Brookings Joint Center for Regulatory Studies
Published: 2006
Place of publication: Washington, D.C
Language: eng
Number of pages: 130
ISBN-13: 9780815793892; 9780815793908
Subjects: Industrial policy; Microeconomics
Description: "When should government intervene in market activity? When is it best to let market forces simply take their natural course? How does existing empirical evidence about government performance inform those decisions? Brookings economist Clifford Winston uses these questions to frame a frank empirical assessment of government economic intervention in Government Failure versus Market Failure: Microeconomics Policy Research and Government Performance."--BOOK JACKET.
Notes: Includes bibliographical references (p. 109-124) and index.
Table of contents: title: Introduction; title: Methodological perspective; title: Market power: antitrust policy and economic regulation; title: Social regulation: imperfect information and externalities; title: Public production; title: Policies to correct market failures: synthesis and assessment; title: Market failure and social goals policies: common failures and conflicts; title: Policy recommendations motivated by policymakers' learning; title: Microeconomics policy research and the policy community.