A Positive Analysis of the Theory of Market Failure

SUMMARY Implications of inefficiency in theories of market failure reveal a flawed methodology. Behavior which is apparently inefficient is actually the symptom of an inappropriate analytical model. The standard examples of market failure, monopoly power and external effects, are forthcoming only fr...

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Veröffentlicht in:	Kyklos (Basel) 1984-01, Vol.37 (4), p.529-541
1. Verfasser:	Toumanoff, Peter G.
Format:	Artikel
Sprache:	eng
Online-Zugang:	Volltext
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