TY - GEN N2 - "In this book Bernard Salanie studies the circumstances under which competitive markets fail to achieve a socially optimal equilibrium and the interventions that are used to remedy these market failures. The discussion focuses on the microeconomic aspects of market failures, encompassing theories of collective decision making, welfare economics, and industrial organization. The book concludes with a chapter considering the theory of general equilibrium in incomplete markets, and the implications this theory poses for dealing with market failures."--Jacket. AB - "In this book Bernard Salanie studies the circumstances under which competitive markets fail to achieve a socially optimal equilibrium and the interventions that are used to remedy these market failures. The discussion focuses on the microeconomic aspects of market failures, encompassing theories of collective decision making, welfare economics, and industrial organization. The book concludes with a chapter considering the theory of general equilibrium in incomplete markets, and the implications this theory poses for dealing with market failures."--Jacket. T1 - The microeconomics of market failures / AU - Salanie, Bernard, AU - Bernard, SalaniƩ. AU - Ebrary, Inc. CN - HB145 LA - eng ID - 12414 KW - Equilibrium (Economics) KW - Welfare economics. KW - Industrial organization (Economic theory) KW - Efficient market theory. KW - Microeconomics. KW - WELFARE ECONOMICS KW - INDUSTRIAL ORGANIZATION KW - LAW AND ECONOMIC AND SOCIAL SCIENCES : ECONOMIC SCIENCE : SPECIFIC QUESTIONS KW - INCOMPLETE MARKETS KW - COLLECTIVE DECISION MAKING KW - MICROECONOMICS : MARKET FAILURES, MARKET EQUILIBRIUM SN - 0262194430 TI - The microeconomics of market failures / ER -