Lecture

Market Failures and State Interventions

In course

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Description

This lecture discusses market failures and the reasons for state intervention, such as the provision of public goods, regulation of externalities, natural monopolies, and imperfect competition. It also covers the characteristics of public services, the concept of external effects, and how the state can internalize externalities through taxes and subsidies.

Official source

https://mediaspace.epfl.ch/media/0_rizxxsme

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Ontological neighbourhood

Economics

Macroeconomics: Competition, Markets

Microeconomics: Economic systems, Labor economics

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