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Lecture
Are you an EPFL student looking for a semester project?
Work with us on data science and visualisation projects, and deploy your project as an app on top of Graph Search.
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.