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#Econ1 Market Failure
Stories and theory on Market Failure
Curated by Matt Smith
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Car fume cut easier than UN thought

Car fume cut easier than UN thought | #Econ1 Market Failure | Scoop.it
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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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Demerit Goods: 'Sugar is the new tobacco'

Demerit Goods: 'Sugar is the new tobacco' | #Econ1 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.
Matt Smith's insight:

Essential reading. Lots of economics here.

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Jay Caulthar's curator insight, January 20, 9:46 AM

#NewDemeritGood

Ying Yang's curator insight, February 7, 4:56 AM

demerit good; addiction; negative externality

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Govt Intervention: Anti-Smoking Campaign: New Ad Targets Addicts

Govt Intervention: Anti-Smoking Campaign: New Ad Targets Addicts | #Econ1 Market Failure | Scoop.it
A new advertising campaign uses graphic images of polluted blood flowing through the body in an attempt to urge smokers to quit.
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Demerit Goods: Does smoking cost as much as it makes for the Treasury? | Full Fact

Demerit Goods: Does smoking cost as much as it makes for the Treasury? | Full Fact | #Econ1 Market Failure | Scoop.it
A non-partisan factcheck organisation campaigning for accuracy in public debate.
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Jay Caulthar's curator insight, January 20, 9:50 AM

#TruthAboutSmoking

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Demerit Goods:NHS told to ban smoking near hospitals

Demerit Goods:NHS told to ban smoking near hospitals | #Econ1 Market Failure | Scoop.it
NHS hospitals have been advised to ban smoking on their premises and prohibit staff from facilitating patients who want to smoke, according to new guidance.
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Govt Intervention and Demerit Goods: NYC steps up fight against smoking

Govt Intervention and Demerit Goods: NYC steps up fight against smoking | #Econ1 Market Failure | Scoop.it
Matt Smith's insight:

Video talking about raising the minimum age and a Minimum price. Can you come up with some other ways to reduce consumption of cigarettes?

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Positive Externalities: Breastfeeding: New Mums To Get Shop Vouchers

Positive Externalities: Breastfeeding: New Mums To Get Shop Vouchers | #Econ1 Market Failure | Scoop.it
Mums will be offered vouchers for John Lewis, Matalan or supermarkets as part of an experiment aimed at boosting breastfeeding.
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Govt Intervention to correct Market Failure: US moves to ban trans fats in foods

Govt Intervention to correct Market Failure: US moves to ban trans fats in foods | #Econ1 Market Failure | Scoop.it
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Negative Externalities and Obesity- Evaluation: Fat pledge 'a drop in the ocean'

Negative Externalities and Obesity- Evaluation: Fat pledge 'a drop in the ocean' | #Econ1 Market Failure | Scoop.it
Matt Smith's insight:

Think about  the impact of changes and whether they will have any real effect.

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markkennedy8's curator insight, December 4, 2013 2:22 AM

How effective would the Government measures be?

How elastic are these products?  Does that make a difference ?

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Negative Externalities: Food waste: Tesco reveals most bagged salad and half its bread is thrown out

Negative Externalities: Food waste: Tesco reveals most bagged salad and half its bread is thrown out | #Econ1 Market Failure | Scoop.it
Supermarket giant promises to improve processes and educate customers to cut waste
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Mr Jones's curator insight, November 20, 2013 7:31 AM

Can government policy be used to reduce the amount of food wasted?

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Positive Externalities: 'Get flu vaccine this winter' plea

Positive Externalities: 'Get flu vaccine this winter' plea | #Econ1 Market Failure | Scoop.it
People at most risk from flu this winter should make sure they get vaccinated against the virus, says Public Health England.
Matt Smith's insight:

Classic example of Positive Externalities in Consumption. Essential reading.

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Positive Externalities: Walking more 'would save thousands'

Positive Externalities: Walking more 'would save thousands' | #Econ1 Market Failure | Scoop.it
Thousands of lives could be saved each year in the UK if people walked more, according to a report from two charities.
Matt Smith's insight:

A good example of Positive Externalities.

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ProfessorHS's curator insight, April 13, 10:11 AM

Time to get moving ...

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Sugar tax may be needed, MPs told

Sugar tax may be needed, MPs told | #Econ1 Market Failure | Scoop.it
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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, 1:29 PM

Minimum pricing on alcohol per unit to cover the externality cost

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Govt Intervention: Experts Demand Drastic Cuts In Added Sugar

Govt Intervention: Experts Demand Drastic Cuts In Added Sugar | #Econ1 Market Failure | Scoop.it
A pressure group says flavoured water, yoghurts, ketchup, ready meals and bread are among the everyday foods loaded with sugar.
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Will Roche's curator insight, January 29, 5:48 AM

Good article of govt. intervention! #externalities #marginalsocialbenefit and costs

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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 | #Econ1 Market Failure | Scoop.it

Via Economics KSF
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Negative Externalities & Information Failure: Paxman shows Coca Cola boss how much sugar is in a supersize cup

Calls are growing for high sugar drinks to be taxed in the same way as cigarettes to curb rising obesity. Does the drinks industry's resistance echo that of ...

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Jay Caulthar's curator insight, January 20, 9:51 AM

#CocaColaSugar #InformationFailiure #NegativeExternalities

Mark Solomons's comment, February 21, 11:34 PM
How uncomfortable was he?
Mark Solomons's curator insight, February 21, 11:36 PM

Paxman giving Coca-Cola a grilling. Is Coke a demerit good?

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Negative Externalities: Supermarket energy drink ban for under 16s

Negative Externalities: Supermarket energy drink ban for under 16s | #Econ1 Market Failure | Scoop.it
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External costs - YouTube

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Mr Jones's curator insight, November 20, 2013 7:13 AM

Great application of the external cost concept to a real world situation.  Take note all you young, budding car drivers.

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Government Intervention: Nursery toothbrushing saves £6m

Government Intervention: Nursery toothbrushing saves £6m | #Econ1 Market Failure | Scoop.it
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misschalk's curator insight, November 19, 2013 11:07 AM

Correcting Market Failure

Clara Dunphy's curator insight, November 24, 2013 8:37 AM

reduces amount of gum disease in children

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Demerit Goods: Sugary Drinks Tax 'Could Raise Treasury £275m'

Demerit Goods: Sugary Drinks Tax 'Could Raise Treasury £275m' | #Econ1 Market Failure | Scoop.it
A 20% tax could reduce demand and fight obesity and tooth decay, but some researchers claim taxing food is politically unworkable.
Matt Smith's insight:

A good example of possible government intervention.

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Negative Externalities: Tax on sugary drinks.

Negative Externalities: Tax on sugary drinks. | #Econ1 Market Failure | Scoop.it
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Demerit Goods: Fizzing with rage

Demerit Goods: Fizzing with rage | #Econ1 Market Failure | Scoop.it
A refreshing new source of tax revenue LA MANSION steakhouse inside Mexico’s lower house of Congress has become the headquarters of a lobbying effort the likes of...
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Negative Externalities of Smoking: Lung diseases cause one in 10 deaths

Negative Externalities of Smoking: Lung diseases cause one in 10 deaths | #Econ1 Market Failure | Scoop.it
Lung conditions are the cause of one in 10 of all deaths in Europe and smoking is a major factor, says a report from European Respiratory Society.
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