The hottest Market failure Substack posts right now

And their main takeaways
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Top Technology Topics

Anatomy of Market Failure IV: Ostrom and Governance

Knowledge Problem • 137 implied HN points • 20 Sep 23
🔬 Science Market failure Property Rights Governance
  1. Property rights play a crucial role in discussions about market failure and influence institutional choices.
  2. Common-pool resources often have ill-defined property rights, leading to governance challenges but offering opportunities for diverse institutional solutions.
  3. Elinor Ostrom's work emphasizes the importance of recognizing and addressing ill-defined property rights to achieve effective environmental policy outcomes.

Anatomy of Market Failure II: Pareto-Relevant Externality

Knowledge Problem • 137 implied HN points • 31 Aug 23
💼 Business Economics Market failure Externalities Policy Implications Efficiency
  1. Internalizing externalities through taxes or subsidies can improve efficiency and welfare.
  2. Pareto-relevant externalities are those that impact the outcome; not all externalities need to be internalized.
  3. Individual values and costs are subjective, and internalizing externalities may not always create additional welfare.

Market Failure Within Politics

David Friedman’s Substack • 116 implied HN points • 18 Mar 24
🇺🇸 U.S. Politics Market failure Political strategy Party Dynamics
  1. Market failure in politics occurs when individual actions that seem rational result in group outcomes that are not beneficial; this concept extends beyond just economics.
  2. Supporters of political parties often engage in actions that go against their own interests, creating market failures within the political system, which can lead to unintended consequences.
  3. In politics, the balance between individual self-interest and the collective interest of a group can determine decision-making; sometimes, actions that benefit individuals may harm the overall success of a party or ideology.
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Information Asymmetry and the Fall of Mainstream Media

As If We Were Staying • 3 implied HN points • 11 Dec 24
🇺🇸 U.S. Politics Media bias Corporate Influence Health Policy Market failure
  1. Mainstream media is losing trust as many people see its biases and manipulations. Recent events, like a high-profile shooting, have made this clear to the public.
  2. Information Asymmetry affects consumers by giving corporations more knowledge than regular people. This can lead to companies hiding harmful practices and making choices difficult for consumers.
  3. To improve the situation, we need to support independent journalism and community-driven businesses. By doing this, we can push for better regulations and solutions to corporate power.