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Market Failure

Ledyard, John O. (1987) Market Failure. Social Science Working Paper, 623. California Institute of Technology , Pasadena, CA. (Unpublished)

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Market failure is described and discussed. A summary of the current state of understanding is provided. Key words are: market failure, public good, externalities, rational expectations, information, monopoly, and competitive equilibrium.

Item Type:Report or Paper (Working Paper)
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Additional Information:Published as Ledyard, John O. "Market failure." The World of Economics. Palgrave Macmillan UK, 1991. 407-412.
Group:Social Science Working Papers
Series Name:Social Science Working Paper
Issue or Number:623
Record Number:CaltechAUTHORS:20170912-134741993
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Usage Policy:No commercial reproduction, distribution, display or performance rights in this work are provided.
ID Code:81366
Deposited By: Jacquelyn Bussone
Deposited On:15 Sep 2017 21:08
Last Modified:03 Oct 2019 18:41

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