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Regulacion y fallas

Author

Listed:
  • Joseph Stiglitz

    (Columbian University)

Abstract

Government plays a necessary role in keeping markets working efficiently and fairly. Market failures –situations in which the invisible hand does not make everyone better off– are among the oldest and most universally accepted justifications for regulation. However, incidents of market failure are more pervasive than recognized and underappreciated. Well-designed regulatory interventions can often correct these market failures.

Suggested Citation

  • Joseph Stiglitz, 2010. "Regulacion y fallas," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 12(23), pages 13-28, July-Dece.
    • Handle: RePEc:rei:ecoins:v:12:y:2010:i:23:p:13-28
    as

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    File URL: http://www.uexternado.edu.co/facecono/ecoinstitucional/workingpapers/jstiglitz23.pdf
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    References listed on IDEAS

    as
    1. Stiglitz, Joseph E, 1985. "Credit Markets and the Control of Capital," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 17(2), pages 133-152, May.
    2. Bruce C. Greenwald & Joseph E. Stiglitz, 1986. "Externalities in Economies with Imperfect Information and Incomplete Markets," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 101(2), pages 229-264.
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    More about this item

    Keywords

    regulation; market-failure;

    JEL classification:

    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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