PADP 6930 Public Financial Administration (PADP6930)
The University Of Georgia
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Market Failure & Information Economics
- Class notes • 2 pages • 2019
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Market Failure. Information Economics. Market vs. Government Failure. Pareto Optimality. Kalder-Hicks Optimality. Institutional Failure. Tiebout Competition. Privatization of Public Goods. Agency Theory (Principal-Agent Issues). Adverse Selection. Moral Hazard. Transaction Costs Economics. Provision and Production.
Class notes
Market Failure & Information Economics
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Market Failure. Information Economics. Market vs. Government Failure. Pareto Optimality. Kalder-Hicks Optimality. Institutional Failure. Tiebout Competition. Privatization of Public Goods. Agency Theory (Principal-Agent Issues). Adverse Selection. Moral Hazard. Transaction Costs Economics. Provision and Production.
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