Statements (24)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:economic_policy
|
| gptkbp:addressedTo |
gptkb:legislation
taxation subsidies antitrust laws |
| gptkbp:cause |
gptkb:public_policy
externalities public goods information asymmetry market power |
| gptkbp:defines |
a situation where the allocation of goods and services by a free market is not efficient
|
| gptkbp:example |
pollution
moral hazard monopoly adverse selection under-provision of public goods |
| https://www.w3.org/2000/01/rdf-schema#label |
Market failure
|
| gptkbp:opposedBy |
market efficiency
|
| gptkbp:relatedTo |
gptkb:Pareto_efficiency
welfare economics |
| gptkbp:studiedIn |
microeconomics
|
| gptkbp:bfsParent |
gptkb:Beyond_the_Invisible_Hand
gptkb:Stiglitz–Greenwald_theorem |
| gptkbp:bfsLayer |
6
|