Construct · 1 fields · 1 citations

nonmarket failure: a standalone construct

One name. One construct. A landmark on the map.

● anchor · a standalone construct Nearest construct by meaning·not indexed

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Public choice

systematic shortfalls of government and other nonmarket provision, such as internal goals and derived externalities, set against market failure.

In public choice, nonmarket failure refers to systematic shortfalls of government and other nonmarket provision, such as internal goals and derived externalities, set against market failure. This meaning comes from Wolf (1979) in The Journal of Law and Economics.[1]

Unit
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Nearby constructs

failure4 fields · 6 citationsjingle · one word, four constructs government2 fields · 3 citationsjingle · one word, two constructs market failure1 fields · 1 citationsanchor · a standalone construct

References

Wolf,, C. (1979). A Theory of Nonmarket Failure: Framework for Implementation Analysis. The Journal of Law and Economics, 22(1), 107-139. https://doi.org/10.1086/466935

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