Supply of Publicly Financed Services: Market and Non-Market Failures

Authors

  • Assoc. Prof. Dr Alexander Valkov Department of Public Administration, Faculty of Management and Administration, UNWE Author
  • Assoc. Prof. Dr Evgenia Penkova–Pantaleeva Department of Public Administration, Faculty of Management and Administration, UNWE Author
  • Assoc. Prof. Dr Denitsa Gorchilova–Atanasova Department of Public Administration, Faculty of Management and Administration, UNWE Author

Keywords:

Publicly financed services, Market and nonmarket failures, Public and private supply
H42, H44

Abstract

The article discusses the characteristics of the publicly financed healthcare, educational and social services with a special focus on their market and non-market failures. Traditional failures like informational asymmetry, incomplete market and territorial misbalances are tested. It becomes evident that those failures manifest not only in the cases of private supply, but also in the public sector. On the contrary, non-market failures become features of the private supply.

References

В Попов - Вопросы экономики, 2005 (2005). Частное образование в постиндустриальном обществе. Вопросы экономики, 130-136. URL: https://elibrary.ru/item.asp?id=15194462

Downloads

Published

2020-02-09

Issue

No. 1 (2019)

Section

Articles

License

Copyright (c) 2019 Alexander Valkov, Evgenia Penkova–Pantaleeva, Denitsa Gorchilova–Atanasova (Author)

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

Authors retain copyright to their works.

All publications are distributed under the terms of the Creative Commons Attribution 4.0 International (CC BY 4.0) license.

How to Cite

Valkov, A., Penkova–Pantaleeva, E., & Gorchilova–Atanasova, D. (2020). Supply of Publicly Financed Services: Market and Non-Market Failures. UNWE Yearbook, 1, 9-18. https://bjiep.e-dnrs.org/index.php/yb/article/view/5956