EUI Working Paper: SPS, Volumes 4-10European University Institute, 1993 - Europe |
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Page 8
These are referred to as " market failures " . They provide a set of rationales for government interventions acceptable , in principle , even to the advocates of a liberal economic order . They are : 1. Failure of competition ; 2.
These are referred to as " market failures " . They provide a set of rationales for government interventions acceptable , in principle , even to the advocates of a liberal economic order . They are : 1. Failure of competition ; 2.
Page 9
Social regulation ( health and safety , environment , consumer protection ) attempts to solve problems created by specific types of market failure especially , public goods , negative externalities and information failures .
Social regulation ( health and safety , environment , consumer protection ) attempts to solve problems created by specific types of market failure especially , public goods , negative externalities and information failures .
Page 11
come into play only when an individual's needs are not adequately met by the private market and the family ... negative externalities and information failure in one case , redistribution and merit goods in the other . of course ...
come into play only when an individual's needs are not adequately met by the private market and the family ... negative externalities and information failure in one case , redistribution and merit goods in the other . of course ...
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Bibliographic information
| Title | EUI Working Paper: SPS, Volumes 4-10 EUI Working Paper: SPS, European University Institute. Department of Political and Social Sciences |
| Contributor | European University Institute. Department of Political and Social Sciences |
| Publisher | European University Institute, 1993 |
| Export Citation | BiBTeX EndNote RefMan |