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Home » Posts tagged  Market Failure

Tag: Market Failure

By Minerva Review / Posted onMarch 2, 2019

Impact of Public R&D on Business R&D

An OECD study quantified the effects of government funding on business R&D across 17 OECD nations over the last few decades. It describes the historical effectiveness of policy instruments such as tax incentives and direct public funding, and provides several recommendations for more effective R&D policy design. Continue Reading …

By Minerva Review / Posted onJanuary 14, 2019

Common Causes of Market Failure

Market failures occur when the allocation of goods and services by markets are not efficient and lead to net social welfare loss. Economist Peter Abelson describes, in his book Public Economics – Principles and Practice, common causes of market failure and solutions governments might take in response. Continue Reading …

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