Keyword: market
Free-Market Solutions (7/10/2006)
Free-market solutions can minimize cost and rent dissipation of market interventions and regulation.
Keywords: cost, free market solutions, intervention, macro-stability, market, micro-flexibility, regulation, rent dissipation
Market Intervention and Regulation (7/7/2006)
Market regulation may be justified under some circumstances to increase economic efficiency.
Keywords: antitrust, asymmetric information, commons goods, cost effectiveness, intervention, lemons, market, pollution, prescription drugs, public goods, Regulation
Price Signals as Guides for Resource Allocation (7/7/2006)
High prices for scarce resources ensure that these resources will be used for only high-valued purposes.
Keywords: congestion, garbage, market, Price signals, recycle, resource allocation, toll
Transaction Costs and Market Structure (2/2/2000)
The ubiquitous existence of transactions costs in the real world determines both the institutional structure within which prices are set and the level of prices.
Keywords: comparative advantage, fish market, institution, market, market structure, middleman, middlemen, price determination, specialization, transaction costs