Failures in Governance: Restrictions on the Dominion of Markets.

Market augmentation is Olson's description for correcting market failure. Public good benefit is shared by all, private free-rider riven efforts to supply it will always be insufficient and sub-optimal. In sum, "market augmentation" is essentially and necessarily a collective, government function. It is the public benefit which is the focus of this paper.

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Year of publication:	2000
Authors:	McGuire, M.
Institutions:	California Irvine - School of Social Sciences
Subject:	MARKET STRUCTURE \| PUBLIC GOODS

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Series:	California Irvine - School of Social Sciences.
Type of publication:	Book / Working Paper
Notes:	38 pages
Classification:	D40 - Market Structure and Pricing. General ; H40 - Publicly Provided Goods. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005486845