Economics Dictionary of ArgumentsHome | |||
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Market Failure - Economics Dictionary of Arguments | |||
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)._____________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 | |
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Economic Theories | Market Failure | Economic Theories | |
Stigler, George J. | Market Failure | Stigler, George J. | |
Tullock, Gordon | Market Failure | Tullock, Gordon | |
Ed. Martin Schulz, access date 2024-04-26 |