Published September 15, 2017
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Market Failure
- Creators
- Ledyard, John O.
Abstract
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.
Additional Information
Published as Ledyard, John O. "Market failure." The World of Economics. Palgrave Macmillan UK, 1991. 407-412.
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Submitted - sswp623.pdf
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Additional details
- Eprint ID
- 81366
- Resolver ID
- CaltechAUTHORS:20170912-134741993
- URL
- http://resolver.caltech.edu/CaltechAUTHORS:20170918-122035887
- Created
-
2017-09-15Created from EPrint's datestamp field
- Updated
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2019-10-03Created from EPrint's last_modified field
- Caltech groups
- Social Science Working Papers