Freeman Spogli Institute for International Studies Center on Democracy, Development, and the Rule of Law Stanford University


CDDRL Publications


Using Markets to Help Solve Public Problems

Discussion Paper

Author
John McMillan

Published
2003


Public-sector uses of markets - for pollution control, spectrum allocation, electricity supply, and fishery management - are discussed. Governments can use markets effectively. But the market must be well designed; and it cannot supersede the government's task of regulation.