|Market failure: Possible causes of market failure may be externalities (external effects) i.e. influence of an uninvolved party on a situation; problems related to social goods or public goods (e.g. overfishing); natural monopolies (e.g. access to the sea); information asymmetry (between seller and buyer, between entrepreneurs and employees)._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. |
|Mause I 183
Market Failure/Tullock: state action with which politicians and administrators want to solve market failure problems can itself become a source of many (new) problems. (1)(2)
1. Tullock, Gordon, Arthur Seldon, und Gordon L. Brady, Government failure: A primer in public choice. Washington, DC 2002.
2. Keech, William R., und Michael C. Munger. 2015. The anatomy of government failure. Public Choice 164, (1), 2015, S. 1– 42._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. The note [Author1]Vs[Author2] or [Author]Vs[term] is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition.
Gordon L. Brady,
Government failure: A primer in public choice Washington 2002
Politik und Wirtschaft: Ein integratives Kompendium Wiesbaden 2018