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Market Failure, Government Failure, Leadership and Public Policy

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  • Joe Wallis

    (Otago University)

  • Brian Dollery

    (University of New England)

Abstract

The economic rationale for government intervention in a market economy has traditionally been provided by the theory of market failure. This article reviews the market failure paradigm in the light of the more recent literature on government failure. One implication of the theory of government failure is that a contractualist approach to public service reform is the best method of improving public sector productivity. However, we argue that this view overlooks the potentially crucial role of leadership in public agencies and the ways in which transformational leadership can stimulate efficiency. We argue that communitarian conceptions of leadership can be incorporated into conventional economic approaches, and that this can have significant implications for public policy formulation.
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Suggested Citation

  • Joe Wallis & Brian Dollery, 1999. "Market Failure, Government Failure, Leadership and Public Policy," Palgrave Macmillan Books, Palgrave Macmillan, number 978-0-230-37296-2, December.
    • Handle: RePEc:pal:palbok:978-0-230-37296-2
    DOI: 10.1057/9780230372962
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    Cited by:

    1. Ellen Seidensticker & Glenn Jenkins, 2000. "Public Sector Intervention in the Energy Sector," Development Discussion Papers 2000-02, JDI Executive Programs.
    2. Jason Hackworth, 2003. "Public Housing and the Rescaling of Regulation in the USA," Environment and Planning A, , vol. 35(3), pages 531-549, March.
    3. Brian Dollery & Joe Wallis, 2004. "Economic Approaches to the Voluntary Sector: A Note on Voluntary Failure and Human Service Delivery," International Review of Public Administration, Taylor & Francis Journals, vol. 8(2), pages 25-31, January.
    4. Doaa Salman & Dina Seiam, 2020. "The Lessons Learned From Thomas Cook Failure. Is It Brexit?," Economics & Law, Faculty of Economics, SOUTH-WEST UNIVERSITY "NEOFIT RILSKI", BLAGOEVGRAD, vol. 2(2), pages 14-23.
    5. Dimitris P. SKALKOS, 2018. "Studying the political economy of reforms: The Greek case, 2010-2017," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(2(615), S), pages 163-186, Summer.
    6. Cacho, Oscar J. & Marshall, Graham R. & Milne, Mary, 2003. "Smallholder agroforestry projects: Potential for carbon sequestration and poverty alleviation," ESA Working Papers 289093, Food and Agriculture Organization of the United Nations, Agricultural Development Economics Division (ESA).
    7. Hosseini, S.S. & Hassanpour, E. & Sadeghian, S.Y., 2009. "An economic evaluation of Iranian public agricultural R&D policy: The case of sugarbeet," Research Policy, Elsevier, vol. 38(9), pages 1446-1452, November.
    8. Wallis, Joe & Dollery, Brian, 2001. "Government Failure, Social Capital and the Appropriateness of the New Zealand Model for Public Sector Reform in Developing Countries," World Development, Elsevier, vol. 29(2), pages 245-263, February.
    9. Wallis, Joe, 2006. "Evaluating economic theories of NPOs: A survey, a case study and some new directions for socio-economics," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 35(6), pages 959-979, December.
    10. María Alexandra Ortiz Cabrera, 2019. "Colección Enrique Low Murtra, Tomo XII. Derecho Económico," Books, Universidad Externado de Colombia, Facultad de Derecho, number 1114, march.
    11. Michael Howlett, 2009. "Governance modes, policy regimes and operational plans: A multi-level nested model of policy instrument choice and policy design," Policy Sciences, Springer;Society of Policy Sciences, vol. 42(1), pages 73-89, February.
    12. Cooper, Bethany & Crase, Lin, 2006. "Equity and Efficiency Tradeoffs in Water: Prospects for Choice Modelling," 2006 Conference (50th), February 8-10, 2006, Sydney, Australia 174097, Australian Agricultural and Resource Economics Society.
    13. Grant, Bligh & Gow, Jeff & Dollery, Brian, 2011. "The Proposed 'Wine Restructuring Action Agenda' and Alternative Policy Options for the Australian Wine Industry," Papers 234288, University of Melbourne, Melbourne School of Land and Environment.
    14. Cooper, Bethany & Crase, Lin & Pawsey, Nicholas, 2014. "Best practice pricing principles and the politics of water pricing," Agricultural Water Management, Elsevier, vol. 145(C), pages 92-97.
    15. Sungjun Kim & Changmu Jung, 2020. "The Influence of Urban Planning-Related Pledge Budget on Local Election Votes: A City Case in Korea," Land, MDPI, vol. 9(12), pages 1-13, December.
    16. Joe Wallis & Brian Dollery, 2003. "A Comparative Examination of Cultural Change Within the Australian and New Zealand Treasuries," International Review of Public Administration, Taylor & Francis Journals, vol. 8(1), pages 27-38, July.
    17. Steele, Scott R., 2009. "Expanding the solution set: Organizational economics and agri-environmental policy," Ecological Economics, Elsevier, vol. 69(2), pages 398-405, December.
    18. Maxime Delabarre, 2021. "Corruption and Development," Working Papers hal-03114382, HAL.
    19. Honfoga, Barthelemy G., 2015. "Revue De La Politique Sur Les Engrais Dans L’Espace Cedeao," Feed the Future Innovation Lab for Food Security Policy Research Papers 259020, Michigan State University, Department of Agricultural, Food, and Resource Economics, Feed the Future Innovation Lab for Food Security (FSP).
    20. Bergner, Sören Martin & Bräutigam, Rainer & Evers, Maria Theresia & Spengel, Christoph, 2017. "The use of SME tax incentives in the European Union," ZEW Discussion Papers 17-006, ZEW - Leibniz Centre for European Economic Research.
    21. Joe Wallis, 2006. "Coaching and the supply of hope:The Economics of commitment and a case study of supported employment services," Forum for Social Economics, Springer;The Association for Social Economics, vol. 35(2), pages 1-20, September.
    22. repec:ags:aare05:139328 is not listed on IDEAS
    23. Joe Wallis & Syed Rizvi, 2023. "A New Institutional Economic Perspective on Alternative Governance Mechanisms at the Local Government Level," Journal of Interdisciplinary Economics, , vol. 35(1), pages 108-127, January.
    24. Carolyn Cordery & Rachel Baskerville & Brenda Porter, 2010. "Control or collaboration?," Accounting, Auditing & Accountability Journal, Emerald Group Publishing Limited, vol. 23(6), pages 793-813, August.

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