Market Failure

The International Library of Critical Writings in Economics series

Edited by Stephen Martin, Professor of Economics, Purdue University, West Lafayette, Indiana, US

The powerful theorems of welfare economics operate under a range of assumptions. Two of the most significant are the existence of competitive markets for all goods and services – including futures markets – and the unbounded rationality of all economic agents who act independently to maximize payoffs. In the contributions collected in this three-volume set, economists come to grips with the consequences of markets falling short of assumptions, as well as the response of institutions to observed market characteristics. Together with an original introduction by the editor, this comprehensive collection will be of interest to economists and policymakers who wish to understand the strengths and limitations of the market mechanism of resource allocation.

2020 2120 pp Hardback 978 1 78643 228 5 £795.00 £715.50 $1,270.00 $1,143.00

Edward Elgar Publishing Ltd. is registered in the UK at: The Lypiatts, 15 Lansdown Road,
Cheltenham, Glos GL50 2JA. Registered number: 2041703

How To Order

Online

www.e-elgar.com

Get up to 20% discount when you order online

By Email

UK/ROW: [email protected]

N/S America: [email protected]

By Phone

UK/ROW: +44 (0) 1243 843291

N/S America: (800) 390-3149

Connect With Us

Find us on Facebook

facebook.com/EdwardElgarPublishing

Follow us on Twitter

For news, views and offers

@ElgarPublishing

Read our Blog

For news, views and debate from our authors and readers.

https://www.elgar.blog

For More Information

UK/ROW: [email protected]

N/S America: [email protected]