Philosophy Dictionary of ArgumentsHome
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Economic Theories on Market Failure - Dictionary of Arguments
Mause I 378 Market Failure/Economic Theories: Market failure exists (Fritsch 2014)(1) when goods are characterized by such strong positive externalities that they have the character of public goods (simultaneity of non-rivalry in consumption and the non-excludability of free riders), or cost structures are so strongly characterized by subadditivity that even the entire market volume can be provided by only one company at the lowest marginal costs (natural monopolies). >Externalities, >Social goods, >Free riders, >Moral hazard, >Subadditivity, >Marginal costs, >Natural monopolies. 1. Fritsch, Michael. 2014. Marktversagen und Wirtschaftspolitik, 9. Aufl. München 2014._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
Economic Theories Mause I Karsten Mause Christian Müller Klaus Schubert, Politik und Wirtschaft: Ein integratives Kompendium Wiesbaden 2018 |
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> Counter arguments against Economic Theories
> Counter arguments in relation to Market Failure
Ed. Martin Schulz, access date 2024-04-29