Readings in Applied Microeconomics

The Power of the Market

Business & Finance, Economics, Microeconomics
Cover of the book Readings in Applied Microeconomics by , Taylor and Francis
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: ISBN: 9781135969448
Publisher: Taylor and Francis Publication: June 16, 2009
Imprint: Routledge Language: English
Author:
ISBN: 9781135969448
Publisher: Taylor and Francis
Publication: June 16, 2009
Imprint: Routledge
Language: English

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.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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.

More books from Taylor and Francis

Cover of the book ADR in Employment Law by
Cover of the book Urban Development in the Muslim World by
Cover of the book Photography in Educational Research by
Cover of the book The Routledge International Handbook on Narrative and Life History by
Cover of the book International Trade Unionism (Routledge Revivals) by
Cover of the book The Economics of Child Labour in the Era of Globalization by
Cover of the book Rediscovering Interlanguage by
Cover of the book Corporate Responses to Climate Change by
Cover of the book Intercultural Variation in Family Research and Theory by
Cover of the book Do Elections Matter? by
Cover of the book Trans-Colonial Modernities in South Asia by
Cover of the book Law and Labour Market Regulation in East Asia by
Cover of the book The Dilemmas of De-Stalinization by
Cover of the book Intervention In Child Nutrition by
Cover of the book Setting Up and Running a Therapy Business by
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy