Research on the Conjunction Point Between Government and Market in the Allocation of Resources in Market Economy

DOI

10.2991/assehr.k.210407.116How to use a DOI?

Keywords

Resource Allocation, Government and market, Market failure, Government behavior

Abstract

The relationship between the government and the market has been debated for hundreds of years in the field of economics, a lot of research results have emerged. The perfect market mechanism can make the resources, elements and means of the market effectively allocate and play the maximum utility. With the development of market economy in China, it is found that market failure still exists in market operation. For example, monopoly, externality and the field of public goods are beyond the reach of market power alone. To eliminate the influence of information asymmetry and other factors brought by monopoly, to avoid the external effects of the market’s failure to automatically balance economic activities, to ensure a fair distribution of social wealth, and to reduce the excessive cost of achieving the balance of total social supply and demand through the market, we must give full play to the role of the government in the operation of the market economy to ensure the healthy, stable and orderly development of China’s market economy. Government and market are two different systems or institutional arrangements of social resources allocation, which complement and promote each other in many fields. By analyzing the effectiveness of resource allocation between government and market, this paper discusses what level and what extent government and market are more favorable to resource allocation, so as to maximize the efficiency of resource allocation.

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Gao xiao qian
PY  - 2021
DA  - 2021/04/08
TI  - Research on the Conjunction Point Between Government and Market in the Allocation of Resources in Market Economy
BT  - Proceedings of the 2021 6th International Conference on Social Sciences and Economic Development (ICSSED 2021)
PB  - Atlantis Press
SP  - 596
EP  - 600
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.210407.116
DO  - 10.2991/assehr.k.210407.116
ID  - qian2021
ER  -