Concepedia

Market Failure

Market Failure is an economic phenomenon in which the allocation of goods and services by a free market is inefficient, deviating from Pareto optimality due to the presence of externalities, public goods, informational asymmetries, or market power.

5.4K

Publications

469.4K

Citations

8.1K

Authors

2.2K

Institutions

Publications per year

2017–2026

734

Variants

Market Failures

Parents

Children

Publications

5.4K

Exit, Voice and Loyalty: Responses to Decline in Firms, Organizations, and States.

Gordon Tullock, Albert O. Hirschman · The Journal of Finance · 1970 · 11K citations · Full text

, , +15

Competing Technologies, Increasing Returns, and Lock-In by Historical Events

W. Brian Arthur · The Economic Journal · 1989 · 7.3K citations

, , +8

Selection and the Evolution of Industry

Boyan Jovanovic · Econometrica · 1982 · 4.6K citations

, , +14

Shaw, Edward S., <i>Financial Deepening in Economic Development</i>, New York, Oxford University Press, 1973, xii + 260 pp. ($7.50 cloth, $3.50 paper)

Hans O. Schmitt · American Journal of Agricultural Economics · 1974 · 3.1K citations

, , +14

Business Cycles: A Theoretical, Historical, and Statistical Analysis of the Capitalist Process

Hans Rosenberg, Joseph A. Schumpeter · The American Historical Review · 1940 · 3K citations

, , +13

1–5 of 5.4K

Authors

8.1K

  1. JE
    Joseph E. Stiglitz

    Columbia University, United States

    25 publications · 4K citations

    20

    h-index

  2. DS
    Didier Sornette

    ETH Zurich, Switzerland

    15 publications · 1.3K citations

    15

    h-index

  3. AE
    Alvin E. Roth

    Stanford University, United States

    10 publications · 2K citations

    10

    h-index

  4. FA
    Franklin Allen

    Imperial College London, United Kingdom

    9 publications · 2.2K citations

    9

    h-index

  5. WJ
    William J. Baumöl

    New York University, United States

    9 publications · 886 citations

    9

    h-index

1–5 of 8.1K

Institutions

2.2K

  1. National Bureau of Economic Research

    Cambridge, United States

    43 h-index

    153 publications

    16.3K citations

  2. University of Pennsylvania

    Philadelphia, United States

    39 h-index

    75 publications

    15.7K citations

  3. University of California, Berkeley

    Berkeley, United States

    38 h-index

    87 publications

    10.6K citations

  4. Stanford University

    Stanford, United States

    34 h-index

    69 publications

    15.1K citations

  5. Harvard University

    Cambridge, United States

    34 h-index

    69 publications

    6.3K citations

  6. University of Cambridge

    Cambridge, United Kingdom

    31 h-index

    50 publications

    4.7K citations

  7. Centre for Economic Policy Research

    London, United Kingdom

    31 h-index

    73 publications

    7.2K citations

  8. Massachusetts Institute of Technology

    Cambridge, United States

    31 h-index

    57 publications

    8.9K citations

1–8 of 2.2K

Venues

  1. The Economic Journal

    190 publications · 30.2K citations

    69

    h-index

  2. Choice Reviews Online

    CRO · 126 publications · 20K citations

    60

    h-index

  3. SSRN Electronic Journal

    Repository · 343 publications · 12.9K citations

    56

    h-index

  4. Journal of Financial Economics

    52 publications · 9.5K citations

    44

    h-index

  5. American Economic Review

    63 publications · 12.8K citations

    44

    h-index

1–5