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Market Failure and Government Failure
(2010-08-17)
The Market for Electives
(2010-08-18)
The note uses the concept of demand and supply, of elective courses in a business school, to bring out the conditions under which market failures may take place, requiring institutional co-ordination and interventions. The ...
Market Failures and Government Intervention
(2010-08-18)
The note discusses the concepts of market failures and government failures, enumerates the conditions under which these might arise and summarizes the emerging views on market failures and government interventions.