03765nam 22007095 450 991099277180332120250327212337.09783031749872303174987110.1007/978-3-031-74987-2(MiAaPQ)EBC31979196(Au-PeEL)EBL31979196(CKB)38121132400041(DE-He213)978-3-031-74987-2(OCoLC)1513419937(EXLCZ)993812113240004120250327d2025 u| 0engurcnu||||||||txtrdacontentcrdamediacrrdacarrierThe Microeconomics of Market Failures and Institutions An Intermediate Textbook /by Coen Teulings, Martijn Huysmans1st ed. 2025.Cham :Springer Nature Switzerland :Imprint: Palgrave Macmillan,2025.1 online resource (543 pages)9783031749865 3031749863 1. The State Monopoly on Violence -- 2. Market Failures and Institutions -- 3. Innovation and the Capitalist Revolution -- 4. Monopoly Power and Competition -- 5. Who Pays for Fixed Costs? -- 6. Insurance versus Incentives -- 7. Reputations and Implicit Contracts -- 8. Adverse Selection -- 9. Property Rights and the Rule of Law -- 10. Distributional Conflict and Democracy -- 11. Mathematical Appendix -- 12. Index of Variables.This graduate textbook explores key microeconomic concepts to provide insight into financial markets, comparative economic development, and political institutions. Theoretical concepts are accompanied by historical and real life case studies to highlight the evolution of institutions and the solutions to market failures. General mathematical models are presented in a practical and clear manner and can be applied to problem solving scenarios. Key dilemmas relating to monopolies, institutional design, economic policy, power in society, and the rule of law are also discussed. This multidisciplinary book aims to provide a real world understanding of microeconomics and game theory, enabling readers to review policy and institutional requirements. It will be relevant to students and policymakers interested in institutional economics, the political economy, financial economics, and economic governance. Coen Teulings is Professor of Economics at Utrecht University. He was previously Professor at the University of Cambridge and President of CPB Netherlands Bureau for Economic Policy Analysis. Martijn Huysmans is Assistant Professor of Economics at Utrecht University.Evolutionary economicsInstitutional economicsLaw and economicsEconomicsEconomic historyFinanceInstitutional and Evolutionary EconomicsLaw and EconomicsPolitical Economy and Economic SystemsEconomic HistoryFinancial EconomicsEvolutionary economics.Institutional economics.Law and economics.Economics.Economic history.Finance.Institutional and Evolutionary Economics.Law and Economics.Political Economy and Economic Systems.Economic History.Financial Economics.338.5Teulings C. N464568Huysmans Martijn1803179MiAaPQMiAaPQMiAaPQBOOK9910992771803321The Microeconomics of Market Failures and Institutions4349839UNINA