Dictionary of Arguments

Screenshot Tabelle Begriffe

 
Market failure: Possible causes of market failure may be externalities (external effects) i.e. influence of an uninvolved party on a situation; problems related to social goods or public goods (e.g. overfishing); natural monopolies (e.g. access to the sea); information asymmetry (between seller and buyer, between entrepreneurs and employees).

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Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments.
 
Author Item    More concepts for author
Economic Theories Market Failure   Economic Theories
Stigler, George J. Market Failure   Stigler, George J.
Tullock, Gordon Market Failure   Tullock, Gordon

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