منابع مشابه
Market Failures, Government Solutions, and Moral Perceptions
It should be obvious to even the casual observer that both markets and governments fail—neither comes close to achieving perfection. Externalities, both positive and negative, are the most common explanation for market failures. The undersupply of public goods, for example, is seen as a market failure, and is the direct result of a positive externality being generated when a person contributes ...
متن کاملMarket failures and government policies in gas markets 1
This memorandum analyses the fundamental characteristics of the natural gas market and its consequences for government policies. In the past, the European gas market was dominated by state-owned monopolists but since the start of the liberalisation, privatisation and re-regulation in the early 1990s, the market has fundamentally changed. Nevertheless, governments are still involved in the gas i...
متن کاملDevelopment (Paradigm) Failures
Over time the international development community has advocated various development paradigms, but countries following these paradigms have often performed poorly. I provide an explanation for this poor performance. In my model the political leader of a developing country chooses a policy and whether to implement it in an honest or corrupt manner. These choices affect domestic production and ai...
متن کاملGovernment Policy and the Probability of Coordination Failures
This paper introduces an approach to the study of optimal government policy in economies characterized by a coordination problem and multiple equilibria. Such models are often criticized as not being useful for policy analysis because they fail to assign a unique prediction to each possible policy choice. We employ a selection mechanism that assigns, ex ante, a probability to each equilibrium i...
متن کاملCoordination Failures and Government Policy: Evidence From Emerging Countries
Rodrik (JIE 1996) argues for the use of government policy in cases where emerging countries are stuck in a low wage equilibrium because of a coordination failure. His coordination failure arises between downstream producers and their upstream intermediate suppliers when the production of high tech final goods requires a special set of differentiated intermediate goods. To qualify, intermediate ...
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ژورنال
عنوان ژورنال: Journal of Economic Perspectives
سال: 1990
ISSN: 0895-3309
DOI: 10.1257/jep.4.3.9