ERIC Number: EJ622213
Record Type: CIJE
Publication Date: 1999
Reference Count: 0
Market Failures and Efficiency in the Principles Course.
Mrozek, Janusz R.
Journal of Economic Education, v30 n4 p411-19 Fall 1999
Argues for a unified consideration of how markets fail based on how an efficiency rule (marginal benefits to society equal or exceed marginal costs to society) is violated. States that repetition of the efficiency decision rule framework reinforces basic concepts and emphasizes the normative foundation underlying the analysis of market failure. (CMK)
Publication Type: Journal Articles; Reports - Descriptive
Education Level: N/A
Authoring Institution: N/A