Regulacion y fallas

Joseph Stiglitz

Revista de Economía Institucional, 2010, vol. 12, issue 23, 13-28

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.

Keywords: regulation; market-failure (search for similar items in EconPapers)
JEL-codes: G18 O16 (search for similar items in EconPapers)
Date: 2010
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