Market Failure

Peter Dorman

Chapter 15 in Microeconomics, 2014, pp 315-335 from Springer

Abstract: Abstract There’s a joke that goes something like this: how many economists does it take to screw in a light bulb? Answer: none, the invisible hand will take care of it.

Keywords: Public Good; Marginal Cost; Market Failure; Demand Curve; Negative Externality (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-3-642-37434-0_15

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DOI: 10.1007/978-3-642-37434-0_15

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