Matches in DBpedia 2016-04 for { <http://dbpedia.org/resource/Market_failure> ?p ?o }
- Market_failure abstract "In economics, market failure is a situation in which the allocation of goods and services is not efficient. That is, there exists another conceivable outcome where an individual may be made better-off without making someone else worse-off. Market failures can be viewed as scenarios where individuals' pursuit of pure self-interest leads to results that are not efficient – that can be improved upon from the societal point of view. The first known use of the term by economists was in 1958, but the concept has been traced back to the Victorian philosopher Henry Sidgwick.Market failures are often associated with time-inconsistent preferences, information asymmetries, non-competitive markets, principal–agent problems, externalities, or public goods. The existence of a market failure is often the reason that self-regulatory organizations, governments or supra-national institutions intervene in a particular market. Economists, especially microeconomists, are often concerned with the causes of market failure and possible means of correction. Such analysis plays an important role in many types of public policy decisions and studies. However, government policy interventions, such as taxes, subsidies, bailouts, wage and price controls, and regulations (including poorly implemented attempts to correct market failure), may also lead to an inefficient allocation of resources, sometimes called government failure.Given the tension between, on the one hand, the undeniable costs to society caused by market failure, and on the other hand, the potential that attempts to mitigate these costs could lead to even greater costs from \"government failure,\" there is sometimes a choice between imperfect outcomes, i.e. imperfect market outcomes with or without government interventions. But either way, if a market failure exists the outcome is not Pareto efficient. Most mainstream economists believe that there are circumstances (like building codes or endangered species) in which it is possible for government or other organizations to improve the inefficient market outcome. Several heterodox schools of thought disagree with this as a matter of principle.".
- Market_failure wikiPageExternalLink PThy_Chap_18.html.
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- Market_failure wikiPageRevisionID "706808668".
- Market_failure wikiPageWikiLink Adverse_selection.
- Market_failure wikiPageWikiLink Agent_(economics).
- Market_failure wikiPageWikiLink Austrian_School.
- Market_failure wikiPageWikiLink Bailout.
- Market_failure wikiPageWikiLink Barriers_to_entry.
- Market_failure wikiPageWikiLink Bureaucracy.
- Market_failure wikiPageWikiLink CITES.
- Market_failure wikiPageWikiLink Capitalism.
- Market_failure wikiPageWikiLink Category:Economic_problems.
- Market_failure wikiPageWikiLink Category:Market_failure.
- Market_failure wikiPageWikiLink Chicago_school_of_economics.
- Market_failure wikiPageWikiLink Coase_theorem.
- Market_failure wikiPageWikiLink Coercion.
- Market_failure wikiPageWikiLink Commodity.
- Market_failure wikiPageWikiLink Common-pool_resource.
- Market_failure wikiPageWikiLink Common_good.
- Market_failure wikiPageWikiLink Competition.
- Market_failure wikiPageWikiLink Complementary_good.
- Market_failure wikiPageWikiLink Congestion_pricing.
- Market_failure wikiPageWikiLink Contract_failure.
- Market_failure wikiPageWikiLink Contract_theory.
- Market_failure wikiPageWikiLink Cost.
- Market_failure wikiPageWikiLink Criticism_of_capitalism.
- Market_failure wikiPageWikiLink David_D._Friedman.
- Market_failure wikiPageWikiLink Distortion_(economics).
- Market_failure wikiPageWikiLink Economic_efficiency.
- Market_failure wikiPageWikiLink Entrepreneurship.
- Market_failure wikiPageWikiLink Equity_(economics).
- Market_failure wikiPageWikiLink Euclidean_vector.
- Market_failure wikiPageWikiLink Excludability.
- Market_failure wikiPageWikiLink Externality.
- Market_failure wikiPageWikiLink First-mover_advantage.
- Market_failure wikiPageWikiLink Full_employment.
- Market_failure wikiPageWikiLink Fundamental_theorems_of_welfare_economics.
- Market_failure wikiPageWikiLink Gains_from_trade.
- Market_failure wikiPageWikiLink General_equilibrium_theory.
- Market_failure wikiPageWikiLink George_Akerlof.
- Market_failure wikiPageWikiLink Government_failure.
- Market_failure wikiPageWikiLink Henry_Sidgwick.
- Market_failure wikiPageWikiLink Herbert_A._Simon.
- Market_failure wikiPageWikiLink Heterodox_economics.
- Market_failure wikiPageWikiLink Heuristic.
- Market_failure wikiPageWikiLink Imperfect_competition.
- Market_failure wikiPageWikiLink Incomplete_markets.
- Market_failure wikiPageWikiLink Information.
- Market_failure wikiPageWikiLink Information_asymmetry.
- Market_failure wikiPageWikiLink Institutional_economics.
- Market_failure wikiPageWikiLink Irrationality.
- Market_failure wikiPageWikiLink Israel_Kirzner.
- Market_failure wikiPageWikiLink Joseph_Stiglitz.
- Market_failure wikiPageWikiLink Justice.
- Market_failure wikiPageWikiLink Keynesian_economics.
- Market_failure wikiPageWikiLink Laissez-faire.
- Market_failure wikiPageWikiLink Lease.
- Market_failure wikiPageWikiLink Macroeconomics.
- Market_failure wikiPageWikiLink Mainstream_economics.
- Market_failure wikiPageWikiLink Market_(economics).
- Market_failure wikiPageWikiLink Market_power.
- Market_failure wikiPageWikiLink Market_structure.
- Market_failure wikiPageWikiLink Marxian_economics.
- Market_failure wikiPageWikiLink Michael_Spence.
- Market_failure wikiPageWikiLink Microeconomics.
- Market_failure wikiPageWikiLink Milton_Friedman.
- Market_failure wikiPageWikiLink Monopolistic_competition.
- Market_failure wikiPageWikiLink Monopoly.
- Market_failure wikiPageWikiLink Monopsony.
- Market_failure wikiPageWikiLink Moral_hazard.
- Market_failure wikiPageWikiLink Natural_monopoly.
- Market_failure wikiPageWikiLink Natural_resource.
- Market_failure wikiPageWikiLink Neoclassical_economics.
- Market_failure wikiPageWikiLink New_Keynesian_economics.
- Market_failure wikiPageWikiLink New_York_Stock_Exchange.
- Market_failure wikiPageWikiLink Oliver_E._Williamson.
- Market_failure wikiPageWikiLink Opportunity_cost.
- Market_failure wikiPageWikiLink Overexploitation.
- Market_failure wikiPageWikiLink Pareto_efficiency.
- Market_failure wikiPageWikiLink Patent.
- Market_failure wikiPageWikiLink Pollution.
- Market_failure wikiPageWikiLink Principal–agent_problem.
- Market_failure wikiPageWikiLink Private_sector.
- Market_failure wikiPageWikiLink Profit_motive.
- Market_failure wikiPageWikiLink Public_choice.
- Market_failure wikiPageWikiLink Public_economics.
- Market_failure wikiPageWikiLink Public_good.
- Market_failure wikiPageWikiLink Public_interest.
- Market_failure wikiPageWikiLink Public_policy_doctrine.
- Market_failure wikiPageWikiLink Public_transport.
- Market_failure wikiPageWikiLink Regulation.
- Market_failure wikiPageWikiLink Rent-seeking.
- Market_failure wikiPageWikiLink Right_to_property.
- Market_failure wikiPageWikiLink Ronald_Coase.
- Market_failure wikiPageWikiLink Social_cost.
- Market_failure wikiPageWikiLink The_Problem_of_Social_Cost.
- Market_failure wikiPageWikiLink Time-inconsistent_preferences.