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A tale of two market failures: . . .

by Adam B. Jaffe , Richard G. Newell , Robert N. Stavins - , 2005
"... Market failures associated with environmental pollution interact with market failures associated with the innovation and diffusion of new technologies. These combined market failures provide a strong rationale for a portfolio of public policies that foster emissions reduction as well as the developm ..."
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Market failures associated with environmental pollution interact with market failures associated with the innovation and diffusion of new technologies. These combined market failures provide a strong rationale for a portfolio of public policies that foster emissions reduction as well

Does market failure justify redistribution?

by By/par Peter Dietsch _, Université De Montréal
"... One can expect economists and philosophers to have very different reactions to this question. Economists are preoccupied with market failure as inefficiency, that is, the failure of markets to produce Pareto optimal outcomes, but they typically are not sensitive to the distributive impact of market ..."
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One can expect economists and philosophers to have very different reactions to this question. Economists are preoccupied with market failure as inefficiency, that is, the failure of markets to produce Pareto optimal outcomes, but they typically are not sensitive to the distributive impact of market

The Efficiency Theorems and Market Failure

by Peter J. Hammond
"... 1.1. Consumer sovereignty The general equilibrium analysis of perfectly competitive markets plays a central role in most attempts by positive economics to describe what happens in a market economy. It is usually admitted that there may be barriers to competition, that markets may be ..."
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1.1. Consumer sovereignty The general equilibrium analysis of perfectly competitive markets plays a central role in most attempts by positive economics to describe what happens in a market economy. It is usually admitted that there may be barriers to competition, that markets may be

Futures Market Failure

by Philip Garcia, Scott H. Irwin, Aaron Smith, Dwight Sanders Pr , 2012
"... In a well-functioning futures market, the futures price at expiration equals the price of the underlying asset. This condition failed to hold in grain markets for most of 2005-2010, calling into question the ability of these markets to perform their price discovery and risk management functions. Dur ..."
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In a well-functioning futures market, the futures price at expiration equals the price of the underlying asset. This condition failed to hold in grain markets for most of 2005-2010, calling into question the ability of these markets to perform their price discovery and risk management functions

Credit Market Failures and Microfinance

by Dr D Srinivasa Rao
"... ..."
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THEORY OF MARKET FAILURE

by Steven G. Medema, Steven G. Medema , 2004
"... seminar participants at the University of Aix-Marseille III for very instructive comments on earlier drafts of this material, and Roger Backhouse for stimulating conversations on this subject. The financial support of the Earhart Foundation is gratefully acknowledged. MILL, SIDGWICK, AND THE EVOLUTI ..."
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seminar participants at the University of Aix-Marseille III for very instructive comments on earlier drafts of this material, and Roger Backhouse for stimulating conversations on this subject. The financial support of the Earhart Foundation is gratefully acknowledged. MILL, SIDGWICK, AND THE EVOLUTION OF THE

Market failures or governance

by T. S. Jayne, David Tschirley
"... Food price spikes and strategic ..."
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Food price spikes and strategic

Market failure, inequality and redistribution ∗

by Jean-marie Dufour , 2008
"... it? What to do when it happens? A debate between philosophers and economists (Université de Montréal; ..."
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it? What to do when it happens? A debate between philosophers and economists (Université de Montréal;

Market failures and efficiency in the principles course

by Janusz R. Mrozek - Journal of Economic Education , 1999
"... Many policy debates revolve around the appropriate extent and form of gov-ernment intervention in specific markets, or, more accurately, government alter-ation of the incentives or institutional rules in those markets, including the pro-vision of certain goods.1 To make sense of these debates, econo ..."
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causes of market failures such as market power, externalities, and public goods. The current pedagogy fails to emphasize fully the common principles under-lying the various categories of market failure. The examination of principles text-books below demonstrates that each category of market failure

Market Failures and Misallocation: The Costs of Factor and Financial Market Failures in Rural

by Ajay Shenoy , 2013
"... I estimate the contributions of factor and financial market failures to production misallocation among Thai rice farmers. I find surprisingly lit-tle misallocation. Optimal reallocation would increase output in most vil-lages by less than 15 percent. Financial market imperfections cause no more misa ..."
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I estimate the contributions of factor and financial market failures to production misallocation among Thai rice farmers. I find surprisingly lit-tle misallocation. Optimal reallocation would increase output in most vil-lages by less than 15 percent. Financial market imperfections cause no more
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