Main cases of market failures 1. Incomplete markets 2. - - PowerPoint PPT Presentation

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Sep 14, 2022 47 likes •77 views

Main cases of market failures 1. Incomplete markets 2. Externalities 3. Non-exclusion 4. Non-rival consumption 5. Asymmetric information Characteristics Rival Non-rival of goods/bads Excludable Private Non-excludable Public

SLIDE 1

Main cases of market failures

1. Incomplete markets
2. Externalities
3. Non-exclusion
4. Non-rival consumption
5. Asymmetric information

SLIDE 2

Characteristics

f goods/bads

Rival Non-rival Excludable Private Non-excludable Public

SLIDE 3