The state and market failure
Topics
- What’s wrong with the market for lemons?
- What are “externalities”?
- Why do some market fail?
- What are “transaction costs”?
- What are “information assymetries”?
Read
Akerlof-1978-The-market-for-“lemons”-Quality-uncertainty-and-t
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Williamson_1981_The Economics of Organization
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