{"id":692,"date":"2011-03-08T08:07:23","date_gmt":"2011-03-08T14:07:23","guid":{"rendered":"http:\/\/opengecko.com\/economics\/ib-economics\/microeconomics\/2-4-market-failure\/"},"modified":"2011-03-08T08:07:23","modified_gmt":"2011-03-08T14:07:23","slug":"2-4-market-failure","status":"publish","type":"page","link":"https:\/\/opengecko.com\/geckoview\/economics\/ib-economics\/microeconomics\/2-4-market-failure\/","title":{"rendered":"2.4 Market Failure"},"content":{"rendered":"\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Reasons for market failure<\/strong><\/td>\n<\/font><\/td>\n <\/td>\n<\/tr>\n
Positive and negative externalities, with appropriate diagrams<\/td>\n<\/font><\/td>\n <\/td>\n<\/tr>\n
\n

Short-term and long-term environmental concerns, with reference to sustainable
development<\/p>\n<\/td>\n

 <\/td>\n <\/td>\n<\/tr>\n
Lack of public goods<\/td>\n <\/td>\n <\/td>\n<\/tr>\n
Underprovision of merit goods<\/td>\n <\/td>\n <\/td>\n<\/tr>\n
Overprovision of demerit goods<\/td>\n <\/td>\n <\/td>\n<\/tr>\n
Abuse of monopoly power<\/td>\n <\/td>\n <\/td>\n<\/tr>\n
Possible government responses<\/strong><\/td>\n <\/td>\n <\/td>\n<\/tr>\n
Legislation<\/td>\n <\/td>\n <\/td>\n<\/tr>\n
Direct provision of merit and public goods<\/td>\n <\/td>\n <\/td>\n<\/tr>\n
Taxation<\/td>\n <\/td>\n <\/td>\n<\/tr>\n
Subsidies<\/td>\n <\/td>\n <\/td>\n<\/tr>\n
Tradable permits<\/td>\n <\/td>\n <\/td>\n<\/tr>\n
Extension of property rights<\/td>\n <\/td>\n <\/td>\n<\/tr>\n
Advertising to encourage or discourage consumption<\/td>\n <\/td>\n <\/td>\n<\/tr>\n
International cooperation among governments<\/td>\n <\/td>\n <\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Reasons for market failure   Positive and negative externalities, with appropriate diagrams   Short-term and long-term environmental concerns, with reference to sustainable development     Lack of public goods     Underprovision of merit goods     Overprovision of demerit goods     Abuse of monopoly power     Possible government responses     Legislation…<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":182,"menu_order":4,"comment_status":"open","ping_status":"open","template":"","meta":{"footnotes":""},"tags":[],"class_list":["post-692","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/pages\/692","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/comments?post=692"}],"version-history":[{"count":0,"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/pages\/692\/revisions"}],"up":[{"embeddable":true,"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/pages\/182"}],"wp:attachment":[{"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/media?parent=692"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/tags?post=692"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}