IDEAS home Printed from https://ideas.repec.org/a/blg/reveco/v40y2008i3p125-129.html
   My bibliography  Save this article

The Causes Of Markets’ Failure From Ronald Coase’S Point Of View

Author

Listed:
  • Adrian Moroºan

    (Lucian Blaga University of Sibiu, Faculty of Economic Sciences)

Abstract

The speciality economic literature appoints through the syntagm ,, markets’ failure ” all the aspects of ineffectiveness and fairness that appeare in the markets’ working mechanism. When the economic reality straies from the theoretic model of the markets with perfect competition, the resurses allocation through the market does not coresponde to the paretian concept of efficiency ( the italien econimist Vilfredo Pareto was the first to assert that the resorses are efficiently allot if there is not possible for some good to be produced more than another one, or, if any of their allocation makes a person richer followed by the impoverishment of another person). Such situations, corroborated with the coercive action of the governments, are delimited in speciality literature through the syntagm of markets’ failure

Suggested Citation

  • Adrian Moroºan, 2008. "The Causes Of Markets’ Failure From Ronald Coase’S Point Of View," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 40(3), pages 125-129.
    • Handle: RePEc:blg:reveco:v:40:y:2008:i:3:p:125-129
    as

    Download full text from publisher

    File URL: http://economice.ulbsibiu.ro/RePEc/blg/reveco/409Morosan.pdf
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:blg:reveco:v:40:y:2008:i:3:p:125-129. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Eduard Alexandru Stoica (email available below). General contact details of provider: https://edirc.repec.org/data/feulbro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.