This volume was prepared by Sebastian Benz while he was working at the Ifo Institute. It was completed in December 2013 and accepted as a doctoral thesis by the Department of Economics at the University of Munich. It includes five self-contained chapters. All chapters discuss different...

1. Introducing government failure -- 2. How market and society relate -- 3. The G-Factor : weighing the visible hand of government intervention / Killian J. McCarthy and Tao Zhu -- 4. Government policy : private incentives, public virtues? -- 5. Government failure -- 6. Policy conflicts : the...