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Market Failure - Unlocking Economic Secrets Navigating the Maze of Market Failure - cover

Market Failure - Unlocking Economic Secrets Navigating the Maze of Market Failure

Fouad Sabry

Editorial: One Billion Knowledgeable

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Sinopsis

What is Market Failure
 
The term "market failure" comes from the field of neoclassical economics and refers to a scenario in which the distribution of commodities and services by a free market is not Pareto optimal. This circumstance frequently results in a loss of significant economic value. Failures in the market can be understood as situations in which people' pursuit of their own self-interest leads to outcomes that are not efficient, outcomes that, from the perspective of society, have room for improvement. The concept can be traced back to the Victorian philosopher Henry Sidgwick, who is credited with being the first person to use the term in the field of economics around the year 1958.A number of factors, including public goods, time-inconsistent preferences, information asymmetries, non-competitive markets, principal-agent difficulties, and externalities, are frequently linked to market failures.
 
How you will benefit
 
(I) Insights, and validations about the following topics:
 
Chapter 1: Market failure
 
Chapter 2: Economics
 
Chapter 3: Microeconomics
 
Chapter 4: Ronald Coase
 
Chapter 5: Pareto efficiency
 
Chapter 6: Environmental economics
 
Chapter 7: Free-rider problem
 
Chapter 8: Externality
 
Chapter 9: Participatory economics
 
Chapter 10: Index of economics articles
 
Chapter 11: X-inefficiency
 
Chapter 12: Coase theorem
 
Chapter 13: Pigouvian tax
 
Chapter 14: Social cost
 
Chapter 15: Welfare economics
 
Chapter 16: Allocative efficiency
 
Chapter 17: Robin Hahnel
 
Chapter 18: Government failure
 
Chapter 19: Market (economics)
 
Chapter 20: Property rights (economics)
 
Chapter 21: Public economics
 
(II) Answering the public top questions about market failure.
 
(III) Real world examples for the usage of market failure in many fields.
 
Who this book is for
 
Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Market Failure.
Disponible desde: 22/01/2024.
Longitud de impresión: 297 páginas.

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