Market failure in the municipal economy

The aim of this paper is, firstly, to assess the main factors of market failure in the municipal economy and, secondly, to show its practical consequences for the regulatory framework. The municipal market failure follows from market inefficiency connected mainly with natural monopoly and partially from imperfect information, uncertainty, externalities and instability.

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Year of publication:	2009
Authors:	Jezowski, Piotr
Published in:	Ekonomia i Prawo. - Uniwersytet Mikolaja Kopernika. - Vol. 5.2009, 1, p. 193-206
Publisher:	Uniwersytet Mikolaja Kopernika
Subject:	market failure \| municipal economy

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Type of publication:	Article
Classification:	A - General Economics and Teaching
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010779398