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Government Failure versus Market Failure : Microeconomic Policy Research and Government Performance. C.ウィンストン著 政府の失敗vs.市場の失敗 －ミクロ経済政策研究と政府の実績－
・ISBN 978-0-8157-9390-8 cloth US$ 40.99
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お気に入り
★★★
・ISBN 978-0-8157-9389-2 paper US$ 23.00
￥5,388.- (税込) ※（※）価格はご注文時の参考価格となります。
納品価格につきましては書籍の入荷時点で確定となります。
版元の原価改定、外国為替の変動等により異なる場合がございますので、予めご了承下さい。
お気に入り
★★★
| 著者・編者 | Winston, Clifford, |
|---|---|
| シリーズ | AEI-Brookings Joint Center for Regulatory Studies |
| 出版社 | (Brookings Institution Pr., US) |
| 出版年月 | 2006 |
| ページ数 | 130 pp. |
| 言語 | ENG |
| ニュース番号 | ＜533-268 538-274＞ |
解説
When should government intervene in market activity and when is it best to let market forces take their natural course? How does the existing empirical evidence about government performance guide our answers to these questions? In this clear, concise book, Clifford Winston offers his innovative analysis -shaped by thirty years of evidence -to assess the efficacy of government interventions.
Markets fail when it is possible to make one person better off without making someone else worse off, thus indicating inefficiency. Governments fail when an intervention is unwarranted because markets are performing well or when the intervention fails to correct a market problem efficiently. Winston concludes from existing research that the cost of government failure may actually be considerably greater than the cost of market failure: "My search of the evidence is not limited to policy failures. I will report success stories, but few of them emerged from my search."
The prevalence of market failure is due to a lack of conviction in favor of markets, the inflexibility of intervening government agencies, and political forces that enable certain interest groups to benefit at the expense of society as a whole. Winston suggests that government policy can be improved by making greater use of market-oriented solutions that have already produced benefits in certain situations.
Markets fail when it is possible to make one person better off without making someone else worse off, thus indicating inefficiency. Governments fail when an intervention is unwarranted because markets are performing well or when the intervention fails to correct a market problem efficiently. Winston concludes from existing research that the cost of government failure may actually be considerably greater than the cost of market failure: "My search of the evidence is not limited to policy failures. I will report success stories, but few of them emerged from my search."
The prevalence of market failure is due to a lack of conviction in favor of markets, the inflexibility of intervening government agencies, and political forces that enable certain interest groups to benefit at the expense of society as a whole. Winston suggests that government policy can be improved by making greater use of market-oriented solutions that have already produced benefits in certain situations.