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...

1. How much internalization of nuclear risk through liability insurance?; 2. Spatial effects in willingness-to-pay: the case of nuclear risks; 3. Switching costs, firm size, and market structure; 4. Can conglomerates ease credit constraints?