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Microeconomics of Market Failures

Author

Listed:
  • Bernard Salanié

    (Columbia University)

Abstract

In this book Bernard Salanié studies situations where competitive markets fail to achieve a collective optimum and the interventions used to remedy these so-called market failures. He includes discussions of theories of collective decision making, as well as elementary models of public economics and industrial organization. Although public economics is traditionally defined as the positive and normative study of government action over the economy, Salanié confines himself to microeconomic aspects of welfare economics; he considers taxation and the effects of public spending only as potential remedies for market failures. He concludes with a discussion of the theory of general equilibrium in incomplete markets.

Suggested Citation

  • Bernard Salanié, 2000. "Microeconomics of Market Failures," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262194430, April.
    • Handle: RePEc:mtp:titles:0262194430
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    Citations

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    Cited by:

    1. Nashihah, Faidah, 2018. "Negara, ekonomi dan pasar: Analisis institusi hisbah dan kontribusinya dalam perspektif al-Mawardi [Countries, economy and markets: Analysis of hisbah institution and its contribution to Al-Mawardi," MPRA Paper 87412, University Library of Munich, Germany, revised 03 Apr 2018.
    2. Jaelani, Aan, 2013. "Institusi Pasar dan Hisbah: Teori Pasar dalam Sejarah Pemikiran Ekonomi Islam [Markets and Hisbah Institutions: A Theory of Market in the History of Islamic Economic Thought]," MPRA Paper 71921, University Library of Munich, Germany, revised 29 Nov 2013.
    3. Jaelani, Aan, 2011. "HISBAH DAN MEKANISME PASAR: Studi Moralitas Pelaku Pasar Perspektif Ekonomi Islam [HISBAH AND MARKET MECHANISM: The Morality Study of Market Participants in Islamic Economic Perspective]," MPRA Paper 69526, University Library of Munich, Germany, revised 01 Dec 2015.
    4. Jaelani, Aan, 2015. "PENGELOLAAN KEUANGAN PUBLIK DI INDONESIA: Tinjauan Keuangan Publik Islam [MANAGEMENT OF PUBLIC FINANCE IN INDONESIA: Review of Islamic Public Finance]," MPRA Paper 69525, University Library of Munich, Germany.
    5. Aan JAELANI, 2016. "Pancasila Economic and The Challenges of Globalization and Free Market In Indonesia," Journal of Economic and Social Thought, KSP Journals, vol. 3(2), pages 241-251, June.
    6. Sylvia Maxfield, 2008. "Reconciling Corporate Citizenship and Competitive Strategy: Insights from Economic Theory," Journal of Business Ethics, Springer, vol. 80(2), pages 367-377, June.
    7. Harrison Hong & Neng Wang & Jinqiang Yang, 2020. "Mitigating Disaster Risks in the Age of Climate Change," NBER Working Papers 27066, National Bureau of Economic Research, Inc.
    8. Guoqiang Tian & Liyan Yang, 2009. "Theory of negative consumption externalities with applications to the economics of happiness," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 39(3), pages 399-424, June.
    9. Sebátian Infante & Nicolás Figueroa & Ronald Fischer, 2007. "Competition with asymmetric switching costs," Documentos de Trabajo 241, Centro de Economía Aplicada, Universidad de Chile.
    10. Peter Bardsley, 2003. "Missing Environmental Markets and the Design of," Department of Economics - Working Papers Series 891, The University of Melbourne.
    11. Nashihah, Faidatun, 2018. "Countries, economy and markets: Analysis of hisbah institution and its contribution to Al-Mawardi perspective," MPRA Paper 87029, University Library of Munich, Germany, revised 03 Apr 2018.
    12. Jaelani, Aan, 2015. "Public financial management in Indonesia: Review of Islamic public finance," MPRA Paper 72340, University Library of Munich, Germany, revised 01 Nov 2015.

    More about this item

    Keywords

    market failures; public economics; industrial organization; collective decision making;
    All these keywords.

    JEL classification:

    • D60 - Microeconomics - - Welfare Economics - - - General

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