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Are consumer decision-making phenomena a fourth market failure?
Lunn, Pete - 2013
This paper challenges the increasingly common view that the findings of behavioural economics constitute a fourth type of market failure. The market failure framework elevates the standard competitive market model to the status of an ideal. It provides us with tools to identify departures from...
Persistent link: https://www.econbiz.de/10009737609
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Competition, regulation and institutional quality
Fabella, Raul V. - 2017
Regulation and competition policy are two alternative modalities by which the state intervenes in the market. In order … varieties of market failures and identify those for which regulation is best address (cooperation failures such as The Fishing … regulation in jurisdictions where institutions are weak. The reasons are: information intensity and asymmetry being greater with …
Persistent link: https://www.econbiz.de/10011635985
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Labeling regulations and segregation of first- and second-generation genetically modified products : innovation incentives and welfare effects
Moschini, Giancarlo (contributor);  … - 2005
Persistent link: https://www.econbiz.de/10003076271
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Market Failure and Regulatory Failure as Catalysts for Political Change : The Choice between Imperfect Regulation and Imperfect Competition
Dempsey, Paul Stephen - 2012
"public interest" in these activities should be protected by government oversight. Regulation subsequently was expanded to … societal needs. The choice between imperfect competition and imperfect regulation is never an easy one. Either system imposes … evolution in public policy, and assess some of the principal costs and benefits of regulation and deregulation …
Persistent link: https://www.econbiz.de/10013105666
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The Leverage of Financial Intermediaries, Market Failure, and Regulation
Wang, Tianxi - 2017
first time. It is fixed by proper capital adequacy regulation. The regulation raises the profit of the finance sector as a … whole, but individual financial intermediaries have incentive to circumvent the regulation …
Persistent link: https://www.econbiz.de/10012976701
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The Principle and Market Failure in Systems Competition
Sinn, Hans-Werner - 2022
. The third studies the role of quality regulation and shows that systems competition may be a competition of laxity …
Persistent link: https://www.econbiz.de/10013324065
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The Principle and Market Failure in Systems Competition
Sinn, Hans-Werner - 1996
. The third studies the role of quality regulation and shows that systems competition may be a competition of laxity …
Persistent link: https://www.econbiz.de/10012473453
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Corruption, Exogenous Changes in Incentives and Deterrence
DiVita, Giuseppe - 2008
In this article we apply and extend the model elaborated by Acemoglu and Verdier in their seminal paper (2000), to examine how the economy represented in their theoretical framework responds to an exogenous change in the agent's incentive. In particular, we focus on the consequences of a famous...
Persistent link: https://www.econbiz.de/10014060550
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Political Adverse Selection
Bursztyn, Leonardo; Kolstad, Jonathan; Rao, Aakaash; … - 2022
We study how the politicization of policies designed to correct market failures can undermine their effectiveness. The Patient Protection and Affordable Care Act (ACA) was among the most politically divisive expansions of the US government. We examine whether partisanship distorted enrollment...
Persistent link: https://www.econbiz.de/10014081495
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The electricity- and CO2-saving potentials offered by regulation of European video-streaming services
Madlener, Reinhard; Sheykhha, Siamak; Briglauer, Wolfgang - 2021
Persistent link: https://www.econbiz.de/10012622245