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The Comparative Governance of Collective Action
Abstract
We adopt a comparative institutional approach to examine the most efficient way of dealing with market failure. We develop a typology of market failures based on the extent of externalities and information asymmetries and define the distinct transaction costs associated with each type. We then consider the relative efficacy of alternate governance forms in dealing with these costs, arguing that enforcement costs are lowest under the state,...
Paper Details
Title
The Comparative Governance of Collective Action
Published Date
Jan 1, 2016
Journal
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