Failures or Successes of Market?

6 Pages Posted: 28 Dec 2011  

Antonella Laino

Universita degli Studi e-Campus

Date Written: December 28, 2011

Abstract

The deviations from great prices in the market are responsible for poor allocation of resources: this failure in terms of allocative efficiency can justify a State intervention in the economy. Sometimes it was noted that public intervention is more expensive than market failure: in other words can fail the market, but can fail even public intervention.

Keywords: market failure, State intervention

JEL Classification: D40, D52, H11

Suggested Citation

Laino, Antonella, Failures or Successes of Market? (December 28, 2011). Available at SSRN: https://ssrn.com/abstract=1977492 or http://dx.doi.org/10.2139/ssrn.1977492

Antonella Laino (Contact Author)

Universita degli Studi e-Campus ( email )

Via Isimbardi
22060 Novedrate CO
Italy

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