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The disbalances concept as an alternative to the market failure concept for the outline market inability

Dmytro Sokolovskyi ()

MPRA Paper from University Library of Munich, Germany

Abstract: The problem of identification of efficient economic conditions, arising from the «horizontal» agents’ relationship, is considered. It’s shown that the application of classical concept of market failure is insufficient. The alternative concept of disbalances are examined. The greater universality and convenience of the “quantitative” concept of disbalances for identifying the effectiveness of states formed in the process of mutual activity of economic subjects, compared to the concepts of market failure, was substantiated. In particular, it allows us to evaluate the effectiveness of the market relationship of agents according.

Keywords: efficiency; economic agents’ relationship; market failure; disbalance (search for similar items in EconPapers)
JEL-codes: C02 C62 H30 (search for similar items in EconPapers)
Date: 2025-02-02
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Working Paper: The disbalances concept as an alternative to the market failure concept for the outline market inability (2026) Downloads
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