Market Failure or Success: The New Debate

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Recent years have seen the development of new theories of market failure based on asymmetric information and network effects. According to the new paradigm, we can expect substantial failure in the markets for labor, credit, insurance, software, new technologies and even used cars, to give but a few examples. This volume brings together the key papers on the subject, including classic papers by Joseph Stiglitz, George Akerlof and Paul David. The book provides powerful theoretical and empirical rebuttals challenging the ...

Market Failure or Success: The New Debate 2004, Edward Elgar Publishing Ltd, Cheltenham

ISBN-13: 9781843760856

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Market Failure or Success: The New Debate 2003, Edward Elgar Publishing

ISBN-13: 9781843760252

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