Market failure in the municipal economy

Piotr Jezowski ()
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Piotr Jezowski: Warsaw School of Economics

Ekonomia i Prawo, 2009, vol. 5, issue 1, 193-206

Abstract: The aim of this paper is, firstly, to assess the main factors of market failure in the municipal economy and, secondly, to show its practical consequences for the regulatory framework. The municipal market failure follows from market inefficiency connected mainly with natural monopoly and partially from imperfect information, uncertainty, externalities and instability.

Keywords: market failure; municipal economy (search for similar items in EconPapers)
JEL-codes: A (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:cpn:umkeip:v:5:y:2009:i:1:p:193-206

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