Market Failure and Government Intervention

1999 ◽  
pp. 9-31 ◽  
Author(s):  
Joe Wallis ◽  
Brian Dollery
Keyword(s):  
Market Failure ◽  
Government Intervention

A Discussion Paper on Cybersecurity Policies

2017 ◽  
pp. 155-165
Author(s):  
Ayse Kok
Keyword(s):  
Government Regulation ◽  
Market Failure ◽  
Government Intervention ◽  
Main Argument ◽  
Market Failures ◽  
Discussion Paper

This chapter presents various reasons for the insufficiency of externalities in terms of the inference of market failure with regard to the field cybersecurity policy, which is claimed to be necessary for government intervention. The main argument of this chapter is that cybersecurity market failures are much smaller than initially assumed, and as a result, more harm might be done by trying to correct them through naïve government regulation.

scholarly journals Integration of Demand for Landscape Amenities Protection to the Agri-Environmental policy

2004 ◽  
Vol 52 (3) ◽  
pp. 119-124
Author(s):  
Simona Kubíčková
Keyword(s):  
Decision Making ◽  
Environmental Policy ◽  
Market Failure ◽  
Government Intervention ◽  
Policy Decision ◽  
Decision Making Process ◽  
Efficient Allocation ◽  
Environmental Programs ◽  
Policy Decision Making

Efficient allocation of land between competing uses deserves attention, due both to market failure and government intervention failures. In order to devise efficient agro-environmental programs for the management of landscape amenities, it is important to understand individual’s preferences. The purpose of this paper is, on the basis of the identification of the basic requirements of policy decision-making process, to assess the possibilities of integration of demand for landscape amenities protection to the agri-environmental policy.

The Role of Government in a Liberal Market Economy

2018 ◽  
pp. 53-61
Author(s):  
Claude Joseph
Keyword(s):  
Public Choice ◽  
Market Failure ◽  
Government Intervention ◽  
Rational Behavior ◽  
Market Failures ◽  
Role Of Government ◽  
Failure Theory ◽  
Theoretical Perspectives ◽  
The Government

This essay is a critical assessment of the market failure theory and public choice theory. While the market failure theory provides a justification for government intervention in the economy, the public choice theorists are very skeptical about the role of government as a corrector of market failures. Since government failures can be worse than market failures, the imperfections in the market process, they argue, do not necessarily call for government intervention. These two theoretical perspectives, notwithstanding their difference, do share something in common. Both assume that individuals are self-interested. This essay contends that a shift from rational self-interested behavior to bounded-rational behavior provides a less contested role for the government. With bounded-rational behavior, the state should no longer be viewed as a mere surrogate of the market, but as “a choice architect,” “an entrepreneur,” and “a manager of conflict.”

An approach of reducing overall level of export fluctuations of the export-oriented countries

2020 ◽  
Vol 3 (3) ◽  
Author(s):  
Huiwen Ma ◽  
Yiming Cai
Keyword(s):  
Market Share ◽  
Growth Rates ◽  
Free Choice ◽  
Market Failure ◽  
Government Intervention ◽  
Export Growth ◽  
Export Markets ◽  
Relative Variance ◽  
Market Portfolio ◽  
Export Volume

Overall level of export fluctuations of the export-oriented countries with rising export volume partly stem from the market failure caused by free choice of export enterprises, some government intervention thus may be necessary. To reduce the level of fluctuations of the export growth rates in these countries, this paper, taking the significant differences of the exports among various markets into account and thus using a new index named relative variance to measure the export volatility risks, proposes a model of merchandise market portfolio, a modified version of Markowitz model, available to provide explicit guidelines for the firms, the industries and even the whole country to optimize the structure of their export markets. An application of this model to the case of China's apple is then discussed. The results show that the market share of China’s apple in 7 sub-markets should be redistributed drastically.

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