2007•Journal of Shanxi Finance and Economics UniversityRequires access

Market Failure,Government Intervention and Corruption

Jin Jiang

Abstract

This paper develops a simple model of externality and discusses relations among market failure,government intervention and corruption.It indicates that corruption results from market failure rather than government intervention.Government intervention should be considered as a result of a trade-off between market failure and corruption.The paper also explains why corrup government intervention and corruption are more serious in poor areas than that in developed areas.

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Available abstract

Key concepts: Market failure, Language change, Economic interventionism, Government failure, Intervention (counseling), Government (linguistics), Externality, Economics