Government Failure Versus Market Failure: Microeconomics Policy Research and Government Performance

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When should government intervene in market activity and when is it best to let market forces take their natural course? How does the existing empirical evidence about government performance guide our answers to these questions? In this clear, concise book, Clifford Winston offers his innovative analysis--shaped by thirty years of evidence--to assess the efficacy of government interventions. Markets fail when it is possible to make one person better off without making someone else worse off, thus indicating inefficiency. ...

Government Failure Versus Market Failure: Microeconomics Policy Research and Government Performance 2006, Brookings Institution Press, Washington, DC

ISBN-13: 9780815793892

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Government Failure Versus Market Failure: Microeconomics Policy Research and Government Performance 2006, Brookings Institution Press, Washington, DC

ISBN-13: 9780815793908

Hardcover

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