Failures in Governance: Restrictions on the Dominion of Markets

Martin McGuire ()

Working Papers from California Irvine - School of Social Sciences

Abstract: Market augmentation is Olson's description for correcting market failure. Public good benefit is shared by all, private free-rider riven efforts to supply it will always be insufficient and sub-optimal. In sum, "market augmentation" is essentially and necessarily a collective, government function. It is the public benefit which is the focus of this paper.

Keywords: MARKET STRUCTURE; PUBLIC GOODS (search for similar items in EconPapers)
JEL-codes: D40 H40 (search for similar items in EconPapers)
Pages: 38 pages
Date: 2000
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fth:calirv:99-00-15

Access Statistics for this paper

More papers in Working Papers from California Irvine - School of Social Sciences UNIVERSITY OF CALIFORNIA IRVINE, SCHOOL OF SOCIAL SCIENCES, IRVINECALIFORNIA 91717 U.S.A..
Bibliographic data for series maintained by Thomas Krichel ().