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The disbalances concept as an alternative to the market failure concept for the outline market inability

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  • Sokolovskyi, Dmytro

Abstract

The problem of identification of efficient economic conditions, arising from the «horizontal» agents’ relationship, is considered. It’s shown that the application of classical concept of market failure is insufficient. The alternative concept of disbalances are examined. The greater universality and convenience of the “quantitative” concept of disbalances for identifying the effectiveness of states formed in the process of mutual activity of economic subjects, compared to the concepts of market failure, was substantiated. In particular, it allows us to evaluate the effectiveness of the market relationship of agents according.

Suggested Citation

  • Sokolovskyi, Dmytro, 2025. "The disbalances concept as an alternative to the market failure concept for the outline market inability," MPRA Paper 123451, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:123451
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    References listed on IDEAS

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    1. Stiglitz, Joseph E, 1989. "Markets, Market Failures, and Development," American Economic Review, American Economic Association, vol. 79(2), pages 197-203, May.
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    JEL classification:

    • C02 - Mathematical and Quantitative Methods - - General - - - Mathematical Economics
    • C62 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Existence and Stability Conditions of Equilibrium
    • H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General

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