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The Anatomy of Market Failure

Francis M. Bator
The Quarterly Journal of Economics
Vol. 72, No. 3 (Aug., 1958), pp. 351-379
Published by: Oxford University Press
Stable URL: http://www.jstor.org/stable/1882231
Page Count: 29
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The Anatomy of Market Failure
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Abstract

Introduction, 351.--I. The conditions of market efficiency, 353.--II. Neoclassical external economies: A digression, 356.--III. Statical externalities: An ordering, 363.--IV. Comments, 371.--V. Efficiency, markets and choice of institutions, 377.

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