Imperfect Markets and How They Can Be Fixed

In a world governed by the interplay of supply and demand, markets stand as the cornerstones of resource allocation and price determination. Yet, amidst the intricate mechanisms of the marketplace, imperfections arise, leading to market failures that disrupt the equilibrium and result in inefficiencies.

This book embarks on an enlightening journey into the realm of market failures, offering a comprehensive exploration of their causes, consequences, and potential remedies. With clarity and rigor, it unravels the theoretical foundations of market failures, employing economic models and empirical evidence to illuminate the underlying mechanisms at play.

Through a captivating narrative, the book delves into diverse manifestations of market failures, ranging from the classic case of monopoly power to the complexities of information asymmetry. It examines the underprovision of public goods, the overconsumption of negative externalities, and the myriad of inefficiencies and inequities that stem from market imperfections.

Recognizing the profound impact of market failures on individuals, firms, and the overall economy, the book explores the policy tools that governments can wield to mitigate or rectify these imperfections. From direct regulation to taxation and subsidies, it analyzes the effectiveness of various policy interventions, highlighting their strengths and limitations.

With its in-depth analysis and thought-provoking insights, this book serves as an invaluable resource for students, researchers, policymakers, and anyone seeking a deeper understanding of market failures and their implications for economic efficiency and social welfare. It is an essential guide to navigating the complexities of market economies and the challenges they pose to achieving a truly efficient and equitable society.

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Publisher ‏: ‎ PageBook24.com (January 13, 2025)
Language : ‎ English
Dimensions ‏: ‎ 6 x 9 inches
Pages ‏: ‎ 176 pages

Pasquale De Marco stands as a prolific author whose literary prowess knows no bounds. With a passion for storytelling that transcends genres, he has made a name for himself as a versatile writer with the extraordinary ability to captivate readers across diverse literary landscapes. His journey as an author is marked by an insatiable curiosity, a love for the written word, and a relentless commitment to sharing knowledge and experiences with the world.

Pasquale De Marco collaborates with a dedicated team of ghostreaders who assist him in evaluating and editing the manuscripts. His collaborators are not only skilled professionals but also avid readers who purchase and read books as a personal hobby. This unique blend of creativity allows Pasquale to push the boundaries of traditional publishing, making literature more accessible and diverse.