Regulation and Failure (Regulación y Fallas) (Spanish)

Revista de Economía Institucional, Vol. 12, No. 23, pp. 13-28, 2010

16 Pages Posted: 13 Dec 2010

See all articles by Joseph E. Stiglitz

Joseph E. Stiglitz

Columbia Business School - Finance and Economics; National Bureau of Economic Research (NBER)

Date Written: December 13, 2010

Abstract

Government plays a necessary role in keeping markets working efficiently and fairly. Market failures – situations in which the invisible hand does not make everyone better off – are among the oldest and most universally accepted justifications for regulation. However, incidents of market failure are more pervasive than recognized and underappreciated. Well-designed regulatory interventions can often correct these market failures.

Note: Downloadable document is in Spanish.

Keywords: Regulation, Market-Failure

JEL Classification: G18, O16

Suggested Citation

Stiglitz, Joseph E., Regulation and Failure (Regulación y Fallas) (Spanish) (December 13, 2010). Revista de Economía Institucional, Vol. 12, No. 23, pp. 13-28, 2010. Available at SSRN: https://ssrn.com/abstract=1724769

Joseph E. Stiglitz (Contact Author)

Columbia Business School - Finance and Economics ( email )

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HOME PAGE: http://www.josephstiglitz.com

National Bureau of Economic Research (NBER) ( email )

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