Encyclopedia > Market failure

Article Content

Market failure

Market failure is a case where markets fail to efficiently provide or allocate goods and services.

The main reasons for market failure include:

monopoly
externality
assymetrical information[?]
public goods

Featured Article

Johann Karl Friedrich Rosenkranz

... at Berlin, Halle and Heidelberg, devoting himself mainly to the doctrines of Hegel and Schleiermacher. After holding the chair of philosophy at Halle for two years, ...