Market Failure or Success

Contents:

INTRODUCTION
1. Introduction
Tyler Cowen and Eric Crampton

PART 1 NEW MARKET FAILURE THEORIES
2. Toward a general theory of wage and price rigidities and economic fluctuations
Joseph E. Stiglitz

3. Keynesian economics and critique of first fundamental theorem of welfare economics
Joseph E. Stiglitz

4. The market for 'lemons': quality uncertainty and the market mechanism
George A. Akerlof

5. Path dependence, its critics and the quest for 'historical economics'
Paul A. David

PART 2 THEORETICAL RESPONSES
6. Information and efficiency: another viewpoint
Harold Demsetz

7. Efficiency wage models of unemployment: one view
H. Lorne Carmichael

8. Do informational frictions justify federal credit programs?
Stephen D. Williamson

9. The demand for and supply of assurance
Daniel B. Klein

PART 3 EMPIRICAL AND EXPERIMENTAL RESPONSES
10. Beta, Macintosh and other fabulous tales
Stan J. Liebowitz and Stephen E. Margolis

11. Some evidence on the empirical significance of credit rationing
Allen N. Berger and Gregory F. Udell

12. An empirical examination of information barriers to trade in insurance
John Cawley and Tomas Philipson

13. A direct test of the OlemonsO model: the market for used pickup trucks
Eric W. Bond

14. Public choice experiments
Elizabeth Hoffman

15. Non-prisoner's dilemma
Gordon Tullock

16. Group size and the voluntary provision of public goods: experimental evidence utilizing large groups
R. Mark Isaac, James M. Walker and Arlington W. Williams

17. Cooperation in public-goods experiments: kindness or confusion?
James Andreoni

Index

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• Economia política
• Teoria e filosofia económica