Market Failure
39.9K views | +13 today
Follow
Market Failure
Stories and theory on Market Failure
Curated by Matt Smith
Your new post is loading...
Your new post is loading...
Scooped by Matt Smith
Scoop.it!

Alcohol limits cut to reduce health risks - BBC News

Alcohol limits cut to reduce health risks - BBC News | Market Failure | Scoop.it
The first full guidelines issued on alcohol for 20 years cut recommended drinking limits and say that any amount of alcohol carries a risk to your health.
more...
No comment yet.
Scooped by Matt Smith
Scoop.it!

Government Failure: Plastic bag charge: the unintended consequences of the 5p deterrent

Government Failure: Plastic bag charge: the unintended consequences of the 5p deterrent | Market Failure | Scoop.it
Government's 5p plastic bag charge could make us less healthy, increase landfill waste, and threaten jobs
more...
No comment yet.
Scooped by Matt Smith
Scoop.it!

Demerit Gods: Jamie slaps 10p sugar tax on all sweet drinks at his restaurants

Demerit Gods: Jamie slaps 10p sugar tax on all sweet drinks at his restaurants | Market Failure | Scoop.it
Celebrity chef Jamie Oliver is to slap a 'sugar tax' on all sweet drinks served in his restaurants as a protest at the government's refusal to introduce one.
more...
No comment yet.
Scooped by Matt Smith
Scoop.it!

Negative Externalities: Traffic Congestion to Cost the UK Economy More Than £300 Billion Over the Next 16 Years

Negative Externalities: Traffic Congestion to Cost the UK Economy More Than £300 Billion Over the Next 16 Years | Market Failure | Scoop.it
Study from INRIX and the Centre for Economics and Business Research Predicts Annual Cost of Congestion in the UK will Rise 63 Percent by 2030 to £21 Billion Read More >
more...
No comment yet.
Scooped by Matt Smith
Scoop.it!

Public Goods: Flood defence works in Morecambe due to begin

Public Goods: Flood defence works in Morecambe due to begin | Market Failure | Scoop.it
The first phase of a £10m flood defence scheme at a seaside town in Lancashire is due to begin.
more...
No comment yet.
Scooped by Matt Smith
Scoop.it!

Sugar tax backed by health chiefs

Sugar tax backed by health chiefs | Market Failure | Scoop.it
Public health chiefs advise the health secretary to introduce a sugar tax as part of a range of measures to tackle child obesity.
more...
No comment yet.
Scooped by Matt Smith
Scoop.it!

Car smoking ban comes into force

Car smoking ban comes into force | Market Failure | Scoop.it
A law banning smoking in vehicles where children are present comes into force in England and Wales.
more...
No comment yet.
Scooped by Matt Smith
Scoop.it!

Negative Externalities: Air pollution 'link to stroke risk'

Negative Externalities: Air pollution 'link to stroke risk' | Market Failure | Scoop.it
Air pollution is linked to an increased risk of stroke, a large global study in the British Medical Journal suggests.
more...
No comment yet.
Scooped by Matt Smith
Scoop.it!

Cigarette package law brought forward

Cigarette package law brought forward | Market Failure | Scoop.it
more...
Mark Perekrestov's curator insight, January 28, 2015 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.

Scooped by Matt Smith
Scoop.it!

Asymmetric Information: Used car buyers 'need more support'

Asymmetric Information: Used car buyers 'need more support' | Market Failure | Scoop.it
more...
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?

Scooped by Matt Smith
Scoop.it!

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 | 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.
more...
No comment yet.
Scooped by Matt Smith
Scoop.it!

Wine drinkers urged to drop glass size

Wine drinkers urged to drop glass size | Market Failure | Scoop.it
A new scheme to help wine drinkers cut down on their alcohol consumption is being introduced in East Dunbartonshire.
Matt Smith's insight:

Reduction of Negative Externalities.

more...
No comment yet.
Scooped by Matt Smith
Scoop.it!

Demerit Goods: Video game use linked to worse GCSEs, study suggests

Demerit Goods: Video game use linked to worse GCSEs, study suggests | Market Failure | Scoop.it
Children who play video games twice a day are less likely to achieve five good GCSE grades, a study suggests.
more...
Bruce Fellowes's curator insight, November 15, 2015 7:39 AM

This is quite topical. A number of students missed a day of College recently due to the new Call of Duty computer game!

Dan Martin's curator insight, November 18, 2015 4:34 PM

This is an interesting story! I wonder if anyone has ever done a survey of attendance following the release of the latest FIFA game???

Scooped by Matt Smith
Scoop.it!

Negative Externalities: Leicester MP Keith Vaz urges Coca-Cola Christmas truck tour to avoid city

Negative Externalities: Leicester MP Keith Vaz urges Coca-Cola Christmas truck tour to avoid city | Market Failure | Scoop.it
A diabetic MP asks Coca-Cola not to bring its Christmas truck to Leicester, accusing the company of marketing a "real health hazard".
more...
No comment yet.
Scooped by Matt Smith
Scoop.it!

Demerit Goods: Car smoking ban comes into force

Demerit Goods: Car smoking ban comes into force | Market Failure | Scoop.it
A law banning smoking in vehicles where children are present comes into force in England and Wales, but police say they will be taking a non-confrontational approach.
more...
No comment yet.
Scooped by Matt Smith
Scoop.it!

Demerit Goods: Processed meats do cause cancer

Demerit Goods: Processed meats do cause cancer | Market Failure | Scoop.it
Processed meats - such as bacon and ham - do cause cancer, according to the World Health Organization.
more...
Esme's curator insight, November 16, 2015 4:14 AM
The market for the meat will be using less resources as the cancer scare will discourage people to buy the meat therefore leading to a decrease in demand of the meat, meaning less resources will be used for thus market. As they are encouraging people not to eat as much meet this will decrease the demand for it, meaning there should be a less resources being put in for this market as otherwise there would be more supply than demand Government policy suggest they should subsidise the meat with more Rich foods such as fibre fruit and vegetables to enrich their bodies and decrease the risk of cancer.
Scooped by Matt Smith
Scoop.it!

Tobacco tax increase urged by parliamentary group

Tobacco tax increase urged by parliamentary group | Market Failure | Scoop.it
Tax on tobacco should be raised to persuade smokers to quit, the All-Party Parliamentary Group on Smoking and Health says.
Matt Smith's insight:

 Lots of evaluation in here. Use it.

more...
No comment yet.
Scooped by Matt Smith
Scoop.it!

Information Failure: Parents of obese children unable to recognise child is overweight

Information Failure: Parents of obese children unable to recognise child is overweight | 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
more...
No comment yet.
Scooped by Matt Smith
Scoop.it!

Cigarette plain packaging vote due

Cigarette plain packaging vote due | Market Failure | Scoop.it
more...
Graham Watson's curator insight, March 11, 2015 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"?

Rescooped by Matt Smith from #ASMIC
Scoop.it!

Negative Externalities: Scotland lowers drink-drive limit

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

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

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

Scooped by Matt Smith
Scoop.it!

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...
more...
No comment yet.