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Encyclopedia of Law and Economics pp 1004–1008Cite as

Government Failure

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Abstract

The analysis begins from the origin of the concept of market failure and continues with an explanation of the reasons why a measure of political economy could worsen market allocation and the level of social welfare. Mention is made of the differences between Europe and the United States regarding the weight of the State in the economy and of the efforts made by research to give a quantitative measure to government failure.

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Author information

Authors and Affiliations

  1. Department of Economics and Business, University of Catania, Catania, Italy

    Giuseppe Di Vita

Authors
  1. Giuseppe Di Vita
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Corresponding author

Correspondence to Giuseppe Di Vita .

Editor information

Editors and Affiliations

  1. MRE and University of Montpellier, Montpellier, France

    Alain Marciano

  2. Faculté d’Economie, Université de Montpellier and LAMETA-UMR CNRS, Montpellier, France

    Alain Marciano

  3. DiGSPES, University of Eastern Piedmont, Alessandria, Italy

    Giovanni Battista Ramello

  4. IEL, Torino, Italy

    Giovanni Battista Ramello

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Di Vita, G. (2019). Government Failure. In: Marciano, A., Ramello, G.B. (eds) Encyclopedia of Law and Economics. Springer, New York, NY. https://doi.org/10.1007/978-1-4614-7753-2_215

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