Markets or Governments: Choosing Between Imperfect Alternatives by Charles Wolf Jr.

Markets or Governments: Choosing Between Imperfect Alternatives

Charles Wolf Jr.

258 pages • first pub 1990 (editions)

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Provides a formal theory of nonmarket failure, analyzing such problems as redundant costs, monopoly, frequency of unanticipated externalities, and bureaucracy in such nonmarket institutions as foundations, universities, and government.A theory of ...

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