Market Failure
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Traffic congestion externalities « Harry Clarke

Traffic congestion externalities « Harry Clarke | Market Failure | Scoop.it

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Negative Externalities: Pollution from car emissions killing millions in China and India

Negative Externalities: Pollution from car emissions killing millions in China and India | Market Failure | Scoop.it
Study published by Lancet says surge in car use in south and east Asia killed 2.1m people prematurely in 2010

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Helenhadjam's curator insight, January 25, 2013 4:49 PM

Putting a value on external costs

Chris Oyin's curator insight, September 11, 11:24 AM

In countries as densely populated as China and India car manufacturers make a fortune as many will purchase a car. However, this results in an increase in pollution which is said to be killing millions. Many governments counter the the threat of high emissions and pollution by enforcing a tax on cars depending on their CO2 emissions and fuel type. Subsequently, people are discouraged from buying cars that have a high tax and manufacturers will have an incentive to make their cars more fuel efficient.

Rylan's curator insight, October 11, 5:11 PM

The negative externality in this case would be that people that do not use a car are affected by the increase in car emissions. They are effected quite devastatingly, with the idea of death being apparent. The way in which the government can control this negative exeternality is with the introduction of regulations that restrict these countries from producing so my car emissions   

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Demerit Good: Gambling machine crackdown rejected

Demerit Good: Gambling machine crackdown rejected | Market Failure | Scoop.it
The government rules out a crackdown on high-stakes gambling machines from betting shops despite warnings by campaigners about their addictive nature.

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Matt Smith's curator insight, January 11, 2013 2:25 AM

Can you spot the negative externalities in this article? Also can you draw the diagram and explain it?

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AS Micro - Negative Externalities & Market Failure: Small shops back plastic bag charge

AS Micro - Negative Externalities & Market Failure: Small shops back plastic bag charge | Market Failure | Scoop.it

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Cameron Beck's curator insight, December 1, 6:38 AM

The fact that plastic bags are free and sop available means that we are producing plastics at a faster rate and therefore, will eventually run out causing market failure. The government therefore have to intervene by charging people for these plastic bags and the charge gets rid of the incentive to throw a bag away but rather to reuse it, lowering production and solving the problem of market failure. 

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Merit Goods: How to encourage more Cycling and walking

Merit Goods: How to encourage more Cycling and walking | Market Failure | Scoop.it

Cycling and walking should be the norm for short journeys, experts say.


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Mr Jackson's curator insight, November 5, 2013 2:35 PM

An example of how this article contains examples of merit goods

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External costs

The private and external costs of transport as viewed from a coffee shop in London

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Pricing nature 'may help save it'

Pricing nature 'may help save it' | Market Failure | Scoop.it
Putting an economic value on nature could be the best way to protect it, says business leaders and environmentalists meeting at an Edinburgh forum.

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Ben Christopher's curator insight, November 23, 2013 5:14 AM

Positive externalities from protecting nature

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Demerit Goods and Energy Drinks

Demerit Goods and Energy Drinks | Market Failure | Scoop.it
Demerit goods are market failures which arise from information failure - specifically that consumers/producers fail to fully understand and therefore value the true costs and benefits of consumption/production.

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BBC Radio 4 - Today, 29/01/2014, Should we ban smoking in cars carrying children?

BBC Radio 4 - Today, 29/01/2014, Should we ban smoking in cars carrying children? | Market Failure | Scoop.it
Luciana Berger and Simon Clark discuss if we should ban smoking in cars carrying children

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Negative Externalities: Raise cost of parking to force motorists to walk

Negative Externalities: Raise cost of parking to force motorists to walk | Market Failure | Scoop.it

Hiking parking fees will encourage families to walk or cycle into town rather than driving their car, according to new NHS guidelines.


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Government Intervention. Tasmania considers cigarette ban for anyone born after 2000 - Telegraph

Government Intervention. Tasmania considers cigarette ban for anyone born after 2000  - Telegraph | Market Failure | Scoop.it

The Australian state of Tasmania is considering a ban on cigarette sales to anyone born after the year 2000 in an attempt to create a smoking-free generation.


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Demerit Good. New York ban on supersize sodas

Demerit Good. New York ban on supersize sodas | Market Failure | Scoop.it

New York City passes the first US ban on large-size sodas and other sugary drinks being sold in restaurants and other eateries.


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Houston Strip Clubs Hit by New 'Pole Tax'

Houston Strip Clubs Hit by New 'Pole Tax' | Market Failure | Scoop.it
The city is turning to an unusual source to help fund rape investigations: strip clubs.

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Just because something has value doesn't mean it has a price

Just because something has value doesn't mean it has a price | Market Failure | Scoop.it

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Negative Externalities: Tolls 'could pay for new roads'

Negative Externalities: Tolls 'could pay for new roads' | Market Failure | Scoop.it
A government study is assessing how more new road-building schemes could be funded by tolls.

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Matt Smith's curator insight, December 22, 2012 1:53 AM

Will this reduce Congestion and ensure motorists pay the full cost of driving?

Helenhadjam's curator insight, January 25, 2013 4:48 PM

Solutions to the market failure?

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Negative Externalities: Transocean agrees oil spill fine

Negative Externalities: Transocean agrees oil spill fine | Market Failure | Scoop.it
Transocean, which owned the Deepwater Horizon oil rig, agrees a $1.4bn (£867m) settlement with the US government for violating the Clean Water Act.

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Matt Smith's curator insight, January 4, 2013 12:21 PM

Great example of Negative Externalities in Production. Can you draw the diagram?

WACKY ECONOMIST's curator insight, October 6, 3:25 PM
This details one of the most catastrophic oil disasters, in terms of the intensity of the disaster, the negative consequences such as the fact that large numbers of aquatic life were completely 'drowned' in the 'black gold' that is oil. This not only affected the immediate surrounding  aquatic and invertebrate species, but also went on further to disrupt other markets, such as the local fishing market who lost out on large colonies of fish which either died in the thick oil, or just migrated further away from the source of the oil spill. 
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The cost of traffic jams

The cost of traffic jams | Market Failure | Scoop.it
FEW things unite cultures more than the frustration of sitting in a line of stationary traffic, with no discernible reason for the blockage and no end in sight. From...

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Australia unveils ugly cigarette packets in fight against smoking - Telegraph

Australia unveils ugly cigarette packets in fight against smoking  - Telegraph | Market Failure | Scoop.it
Tobacco companies will be forced to drop logos and branding from cigarette packs in Australia in an attempt to make smoking less glamorous.

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Public Goods & Private Goods

Public Goods & Private Goods | Market Failure | Scoop.it
Public Goods & Private Goods

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Negative Externalities & Information Failure: Paxman shows Coca Cola boss how much sugar is in a supersize cup - MJFGROUP

Negative Externalities & Information Failure: Paxman shows Coca Cola boss how much sugar is in a supersize cup - MJFGROUP | Market Failure | Scoop.it
Calls are growing for high sugar drinks to be taxed in …

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'Sugar is the new tobacco': Cuts to amounts hidden in food could halt obesity epidemic, claim doctors

'Sugar is the new tobacco': Cuts to amounts hidden in food could halt obesity epidemic, claim doctors | Market Failure | Scoop.it
The growing obesity epidemic could be “halted or reversed” in less than five years if the food industry makes cuts the amount of “hidden sugar” in our food, leading doctors have said.

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Biofuels do more harm than good, UN warns - Telegraph

Biofuels do more harm than good, UN warns - Telegraph | Market Failure | Scoop.it
Growing crops to make “green” biofuel harms the environment and drives up food prices, admits the United Nations

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A* Evaluation: Government intervention with cigarettes.

A* Evaluation: Government intervention with cigarettes. | Market Failure | Scoop.it

Choose your poison AUSTRALIANS call them Winnie Blues. But their favourite cigarettes will lose their familiar blue and white livery under Australia’s new...


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Government Intervention. Minimum Price on alcohol.

Government Intervention. Minimum Price on alcohol. | Market Failure | Scoop.it

In addition to a ban on discounts for multiple-bottle purchases, the Government is also said to be considering a minimum price of 40p per unit of alcohol. (#ECON1 Demerit goods, government intervention and price floors.


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Australia To Stub Out Cigarette Pack Logos

Australia To Stub Out Cigarette Pack Logos | Market Failure | Scoop.it
Australia To Stub Out Cigarette Pack Logos

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