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Description
Markets or Governments, second edition: Choosing between Imperfect AlternativesAuthor Contributor(s): Wolf, Charles Publisher: The MIT Press Date: 9 2 1993 Binding: Paperback Condition: NEW Provides a formal theory of nonmarket failure, analyzing such problems as redundant costs, monopoly, frequency of unanticipated externalities, and bureaucracy in such nonmarket institutions as foundations, universities, and government. A theory of market failures is well established in economics, but the same has not been true for the study

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