Results 251 to 260 of about 271,411 (302)

Beyond Market Failure and Government Failure

SSRN Electronic Journal, 2018
Criticisms of market outcomes often rest upon a notion of ‘market failure,’ meaning that the market has failed to align incentives and knowledge to produce an optimal outcome. Rejoinders to classic market failure arguments have taken several forms: that there are institutional or contracting solutions to various forms of market failures, that ...
Glenn Furton, Adam Martin
openaire   +1 more source

The Failure of Parliamentary Government

2020
Membership of the EU tested the authority of parliamentary government in the UK. In the traditional model, the government of the day has wide discretion to make policies as long as it has a majority in Parliament. This is usually possible by the first-past-the-post electoral system awarding the party that has a plurality of votes an absolute majority ...
openaire   +2 more sources

Government Failure

This highly unique book takes a fundamental look at when and how a government can fail at its core responsibility of formulating rules. Government, representing society, relates to the economy by formulating the rules within which (market) players should operate.
  +7 more sources

Government Failure

2015
The analysis begins from the origin of the concept of market failure, and continues with an explanation of the reasons why a measure of political economy could worsen market allocation and the level of social welfare. Mention is made of the differences between Europe and the United States regarding the weight of the State in the economy, and of the ...
openaire   +2 more sources

Government Failure and Government Intervention

1999
Although the development and extension of the theory of market failure represents an impressive intellectual achievement, it is clear from the discussion in Chapter 2 that this paradigm has too many flaws for it to accurately prescribe the appropriate degree of government intervention in a modern advanced market economy.
Joe Wallis, Brian Dollery
openaire   +1 more source

A major failure of scientific governance

BMJ, 2015
Public inquiry is needed to learn from an egregious case Today The BMJ retracts a 1989 paper by R K Chandra,1 2 a Canadian scientist who recently lost a libel case against the Canadian Broadcasting Corporation (CBC). The broadcaster had accused him in television programmes of scientific fraud and financial deception.3 4 Chandra has had one other paper
Richard, Smith, Fiona, Godlee
openaire   +2 more sources

Market Failure and Government Failure

Cultural Dynamics, 1995
Aaron Levine suggests that income distribution, risk management and product-pricing problems warrant government intervention. It is important to use a comparative-institutions approach in assessing the effects of government action designed to correct such 'failures' of the market.
openaire   +1 more source

Governance failure, metagovernance and its failure

2020
This chapter addresses the discovery of 'governance' as the complex art of steering multiple agencies, institutions, and systems that are both operationally autonomous from one another and structurally coupled through various forms of reciprocal interdependence. This discovery reflects the dramatic intensification of societal complexity that flows from
  +4 more sources

Germany’s Road from Failure Governance to Governance Failure

2023
Peeter Selg, Georg Sootla, Benjamin Klasche   +2 more
openaire   +1 more source

Market Failure Versus Government Failure

1999
Chapters 1–4 of this book elaborated the perspective that the free and competitive market is an effective means of resolving the basic economic questions surrounding the use and allocation of scarce resources. However, in Chapter 5 we saw that once the implicit assumption that free markets are necessarily competitive is relaxed, established certainties
Chris Mulhearn, Howard R. Vane
openaire   +1 more source