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Title: Microeconomics of Market Failures by Bernard Salanié ISBN: 0-262-19443-0 Publisher: MIT Press Pub. Date: 16 October, 2000 Format: Hardcover Volumes: 1 List Price(USD): $37.00

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Average Customer Rating: 4 (1 review)

Rating: 4
Summary: Excellent complement and starting point
Comment: In this extremely elegant and condensed work, Salanie once again provides a great externality to his readers (continuing after "The Economics of Contracts"): at the end it leaves a unequivocal desire to dive deeper in the subject.

Limitations? As mentioned in the introduction, the book is extracted from a series of lectures the author gave; lets say, they are great lectures but without the session of Q&A (questions and answers). Therefore, there is little communication with the reader's questions, the reader is required to investigate more in his/her own, e.g. no end of chapter problems or things like those.

In short, I will strongly recommended it along with the traditional material of a General Equilibrium course (e.g. Mas-Colell et.al.). But do not expect a treatise, it is more a general overview.

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