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.

Marketing Research and Public Opinion Polling, Commercial nonphysical research, Commercial & Institutional Lighting, Commercial, Industrial, and Institutional Electric Lighting Fixture Manufacturing, Market Research, Commercial lighting fixtures, Educational & Nonprofit Labs, Research, Analysis, Lighting equipment and supplies industry, Lighting equipment industry, Marketing research, Nonprofit organizations, Laboratories, Commercial lighting, Lawrence Berkeley Laboratory

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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.

Recipes and menus, Cookery, Chinese, Chinese cooking, Chinese New Year

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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.

Household audio and video equipment, Consumer Electronics, Audio and Video Equipment Manufacturing, Buyers Guide, Hardware buyers' guide

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