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Government Failure

Encyclopedia of Law and Economics

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Abstract

The analysis begins from the origin of the concept of market failure and continues with an explanation of the reasons why a measure of political economy could worsen market allocation and the level of social welfare. Mention is made of the differences between Europe and the United States regarding the weight of the State in the economy and of the efforts made by research to give a quantitative measure to government failure.

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Author information

Authors and Affiliations

  1. Department of Economics and Business, University of Catania, Corso Italia no. 55, Via Gallo, Catania, 95129, Italy

    Giuseppe Di Vita

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  1. Giuseppe Di Vita
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Correspondence to Giuseppe Di Vita .

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Editors and Affiliations

  1. Lehrst. Finanzwissenschaft/ Finanzsoziologie, University of Erfurt, Erfurt, Thüringen, Germany

    Jürgen Backhaus

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Di Vita, G. (2015). Government Failure. In: Backhaus, J. (eds) Encyclopedia of Law and Economics. Springer, New York, NY. https://doi.org/10.1007/978-1-4614-7883-6_215-2

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  • DOI: https://doi.org/10.1007/978-1-4614-7883-6_215-2

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  • Publisher Name: Springer, New York, NY

  • Online ISBN: 978-1-4614-7883-6

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Chapter history

  1. Latest

    Government Failure
    Published:
    11 August 2021

    DOI: https://doi.org/10.1007/978-1-4614-7883-6_215-3

  2. Government Failure
    Published:
    10 October 2015

    DOI: https://doi.org/10.1007/978-1-4614-7883-6_215-2

  3. Original

    Government Failure
    Published:
    07 February 2015

    DOI: https://doi.org/10.1007/978-1-4614-7883-6_215-1

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