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#Econ1 Market Failure
Stories and theory on Market Failure
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Information Failure: Parents of obese children unable to recognise child is overweight

Information Failure: Parents of obese children unable to recognise child is overweight | #Econ1 Market Failure | Scoop.it
A third of parents underestimate their child’s BMI, leading to fears many parents do not understand the risks associated with being overweight
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Cigarette plain packaging vote due

Cigarette plain packaging vote due | #Econ1 Market Failure | Scoop.it
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Graham Watson's curator insight, March 11, 6:15 AM

There's likely to be intervention to correct negative externalities, as the UK follows the lead of Ireland and Australia in introducing standardised packaging. This is likely to increase PED between individual brands at the margin and make smoking less 'glamorous'.

 

Critics of this sort of intervention argue that there's little evidence that this will reduce smoking, and that it infringes civil liberties. But if they want to see colourful cigarette packets might I suggest the title sequence of the excellent film, "Thank You For Smoking"?

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Negative Externalities: Scotland lowers drink-drive limit

Negative Externalities: Scotland lowers drink-drive limit | #Econ1 Market Failure | Scoop.it

Via Phil Hensman
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Phil Hensman's curator insight, December 5, 2014 2:09 AM

Great in-depth analysis and evaluation of legislating a negative externality in consumption

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The cost of traffic jams

The cost of traffic jams | #Econ1 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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Negative Externalities: Heinz tackles the 'sauce' of UK's obesity problem - Telegraph

Negative Externalities: Heinz tackles the 'sauce' of UK's obesity problem - Telegraph | #Econ1 Market Failure | Scoop.it
Company releases new tomato ketchup that slashes sugar levels, but campaigners want it to do more
Matt Smith's insight:

Is this enough or should the government intervene?

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Govt Intervention: Alcohol floor price announced

Govt Intervention: Alcohol floor price announced | #Econ1 Market Failure | Scoop.it
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Marist Economics's curator insight, April 19, 2014 4:29 PM

Minimum pricing on alcohol per unit to cover the externality cost

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Negative Externalities: Air pollution 'link to stroke risk'

Negative Externalities: Air pollution 'link to stroke risk' | #Econ1 Market Failure | Scoop.it
Air pollution is linked to an increased risk of stroke, a large global study in the British Medical Journal suggests.
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Cigarette package law brought forward

Cigarette package law brought forward | #Econ1 Market Failure | Scoop.it
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Mark Perekrestov's curator insight, January 28, 7:18 AM

Tobacco is demerit good, which can can a market to enter market failure, as there is no effective allocation of resources, and economy can not achive an equilibrium, due to a high number of negative externalities. Although there were plenty of campains, researches, advertising etc. it still seems that there is a lack of information provided to consumers, as they still keep buying to tobacco products. Government have been intervening with a tax increase, on tobacco product, it have showed some result, as people started to think about they budgets, however still many not as convinced about their health. in order to corrects this problem of information failure, goverment intevined by placing regulation, changing packaging to less attractive, putting more statistics about health risks etc. in order to put people off smoking.

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Asymmetric Information: Used car buyers 'need more support'

Asymmetric Information: Used car buyers 'need more support' | #Econ1 Market Failure | Scoop.it
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CNS business and economics's curator insight, December 8, 2014 5:12 PM

IP3

How will this reduce MF?

Would these be effective and why?

What are the downsides to this method?

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Gambling: Young gambling addicts in NHS treatment have lost an average of £60,000

Gambling: Young gambling addicts in NHS treatment have lost an average of £60,000 | #Econ1 Market Failure | Scoop.it
Young people with thousands of pounds of gambling debts fail to seek help because “they don’t know where to turn”, a charity has warned.
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Information Failure: Energy drinks could cause public health problems, says WHO study

Information Failure: Energy drinks could cause public health problems, says WHO study | #Econ1 Market Failure | Scoop.it
Researchers argue for cap on caffeine levels, citing health risks, particularly when the drinks are consumed with alcohol
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CNS business and economics's curator insight, December 8, 2014 5:22 PM

IP6 

Why is this MF

How could this MF be solved?

 

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Demerit Goods: Which region of England has the biggest problem with alcohol?

Demerit Goods: Which region of England has the biggest problem with alcohol? | #Econ1 Market Failure | Scoop.it
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Sugary drinks in baby bottles triggering rise in tooth extractions

Sugary drinks in baby bottles triggering rise in tooth extractions | #Econ1 Market Failure | Scoop.it
Parents urged to stop the rot as Public Health England study discovers ‘shocking’ levels of tooth decay in under-threes
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Bruce Fellowes's curator insight, September 30, 2014 7:51 AM

Negative Externalities

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Information Failure: How fruit juice went from health food to junk food

Information Failure: How fruit juice went from health food to junk food | #Econ1 Market Failure | Scoop.it
Emine Saner: For decades fruit juice has been seen as a healthy option. Then this week a primary school banned it after claims that it's as bad for you as Coca-Cola. But how big a health risk does it pose?
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