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Readings in Applied Microeconomics -

Readings in Applied Microeconomics

The Power of the Market

Craig Newmark (Herausgeber)

Buch | Softcover
446 Seiten
2009
Routledge (Verlag)
978-0-415-77740-7 (ISBN)
CHF 113,45 inkl. MwSt
This reader encourages students to appreciate the power of the market, including specific examples and addressing questions on whether markets actually work well and offering evidence that market failures are not as serious or as common as claimed.
A central concern of economics is how society allocates its resources. Modern economies rely on two institutions to allocate: markets and governments. But how much of the allocating should be performed by markets and how much by governments? This collection of readings will help students appreciate the power of the market. It supplements theoretical explanations of how markets work with concrete examples, addresses questions about whether markets actually work well and offers evidence that supposed "market failures" are not as serious as claimed.

Featuring readings from Hayek, William Baumol, Harold Demsetz, Daniel Fischel and Edward Lazear, Benjamin Klein and Keith B. Leffler, Stanley J. Liebowitz and Stephen E. Margolis, and John R. Lott, Jr., this book covers key topics such as:

• Why markets are efficient allocators

• How markets foster economic growth

• Property rights

• How markets choose standards

• Asymmetric Information

• Whether firms abuse their power

• Non-excludable goods

• Monopolies

The selections should be comprehended by undergraduate students who have had an introductory course in economics. This reader can also be used as a supplement for courses in intermediate microeconomics, industrial organization, business and government, law and economics, and public policy.

Craig M. Newmark is Associate Professor of Economics at North Carolina State University.

1. Information and Incentives 2. Creating Value 3. Property Rights 4. Externalities and Coordination Problems 5. Non-excludable Goods 6. Asymmetric Information 7. Monopoly and Collusion 8. Abuse of Firm Power

Erscheint lt. Verlag 1.6.2009
Zusatzinfo 44 Tables, black and white; 13 Line drawings, black and white; 13 Illustrations, black and white
Verlagsort London
Sprache englisch
Maße 174 x 246 mm
Gewicht 840 g
Themenwelt Technik
Wirtschaft Allgemeines / Lexika
Wirtschaft Volkswirtschaftslehre Mikroökonomie
Wirtschaft Volkswirtschaftslehre Wirtschaftspolitik
ISBN-10 0-415-77740-2 / 0415777402
ISBN-13 978-0-415-77740-7 / 9780415777407
Zustand Neuware
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