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...

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Bibliographic Details

Published in:	Public Administration Review Vol. 62; no. 2; pp. 145 - 162
Main Author:	Bozeman, Barry
Format:	Article
Published:	Wiley-Blackwell March/April 2002
Subjects:	Public administration Public interest
Online Access:	View this record in EBSCOhost