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, 2007 Encyclopedia entryMarket failure theories underlie most economic arguments for government intervention in the economy. When markets operate in accordance with standard economic assumptions, no person can be made better off except by making someone ...
Crampton, E.
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2023
Abstract The chapter explores deviations from the perfect-competition model in the form of oligopoly and missing markets (externalities, public goods) and the circumstances under which such deviations could lead to a loss of economic efficiency.
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Abstract The chapter explores deviations from the perfect-competition model in the form of oligopoly and missing markets (externalities, public goods) and the circumstances under which such deviations could lead to a loss of economic efficiency.
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2018
This chapter identifies four types of market failures: natural monopolies abusing their power, consumers lacking the information required to make sensible decisions, decisions which ignore the externalities imposed on other people, and public goods.
Simon Hayley, Alec Chrystal
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This chapter identifies four types of market failures: natural monopolies abusing their power, consumers lacking the information required to make sensible decisions, decisions which ignore the externalities imposed on other people, and public goods.
Simon Hayley, Alec Chrystal
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Market failure and government failure in the real estate market
Legal Theory & Practice Review, 2021openaire +1 more source