On the failure of market failure
Article Abstract:
A 1995 study conducted by the Lawrence Berkeley Laboratory to demonstrate market failure in the commercial lighting supply industry contains four errors. The study, which is used to justify government market intervention, used average instead of marginal costs in estimating the profitability of the new lighting ballast. Other mistakes include the disregard of marginal electricity cost over time, defining the life expectancy of the device from a purely engineering perspective and improperly dropping cases that did not conform to their analysis.
Publication Name: Regulation
Subject: Law
ISSN: 0147-0590
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
Chinese New Year
Article Abstract:
Healthy recipes for a Chinese New Year celebration include stir-fried vegetables in oyster sauce, stuffed snapper, turkey dumplings, clams in miso sauce, and spiced walnuts.
Publication Name: Weight Watchers Magazine
Subject: Health
ISSN: 0043-2180
Year: 1992
User Contributions:
Comment about this article or add new information about this topic:
The latest launches
Article Abstract:
A buyer's guide of the latest electronic goods released into the market is provided. The cost and availability of each product mentioned is also provided.
Publication Name: What to Buy for Business
Subject: Consumer news and advice
ISSN: 0265-296X
Year: 2005
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Developments in the law - legal responses to domestic violence. Sympathy as a legal structure
- Abstracts: The self-regulation of commodity exchanges: the case of market manipulation. An application of core theory to the analysis of ocean shipping markets
- Abstracts: A dirty river runs through it (the failure of enforcement in the Clean Water Act). New England and the challenge of interstate ozone pollution under the Clean Air Act of 1990
- Abstracts: Hiding the ball. Smart buildings
- Abstracts: Silicone implants - tolling of the statute of limitations. Parthenon puzzles