Public-Value Failure: When Efficient Markets May Not Do.
The familiar market-failure model remains quite useful for issues of price efficiency and traditional utilitarianism, but it has many shortcomings as a standard for public-value aspects of public policy and management. In a public-value-failure model, I present criteria for diagnosing values problem...
| Publicado en: | Public Administration Review Vol. 62; no. 2; pp. 145 - 162 |
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| Formato: | Artículo |
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Wiley-Blackwell
March/April 2002
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=507747392&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 507747392 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00333352 PBA jtl: Public Administration Review issn: 00333352 maglogo: N pubinfo: dt: March/April 2002 vid: 62 iid: 2 pid: 480 pub: Wiley-Blackwell artinfo: ui: 507747392 10.1111/0033-3352.00165 ppf: 145 ppct: 17 formats: fmt: – @attributes: type: T – @attributes: type: P size: 178KB tig: atl: Public-Value Failure: When Efficient Markets May Not Do. aug: au: Bozeman, Barry su: Public administration Public interest sug: subj: Public administration Public interest ab: The familiar market-failure model remains quite useful for issues of price efficiency and traditional utilitarianism, but it has many shortcomings as a standard for public-value aspects of public policy and management. In a public-value-failure model, I present criteria for diagnosing values problems that are not easily addressed by market-failure models. Public-value failure occurs when: (1) mechanisms for values articulation and aggregation have broken down; (2) “imperfect monopolies” occur; (3) benefit hoarding occurs; (4) there is a scarcity of providers of public value; (5) a short time horizon threatens public value; (6) a focus on substitutability of assets threatens conservation of public resources; and (7) market transactions threaten fundamental human subsistence. After providing examples for diagnosis of public-values failure, including an extended example concerning the market for human organs, I introduce a “public-failure grid” to facilitate values choices in policy and public management. Reprinted by permission of the publisher. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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