Market Intervention (Micro)
Aborting White Flight (11/1/2000)
An ethnically integrated neighborhood may not come about or persist if it is not reinforced by deliberate intervention.
Blocked Exit (3/7/2002)
Inefficient firms in mature industries often are preserved for political reasons long after they should have exited the market.
Byrding for Profit (6/25/2004)
U. S. shrimpers use anti-dumping protection to resist competitive pressure from more efficient Asian shrimp farmers and to gain de facto subsidy.
Cash for Clunkers - Cash Rebates vs Fuel Tax (8/19/2009)
Cash rebates are an inefficient means to reduce carbon emissions.
Flying in the Red (9/3/2005)
Airlines deregulation has allowed more competitive discounters to grow at the expense of high-cost traditional hub-and-spokes airlines. But instead of exiting the market, the unprofitable traditional airlines hang on for dear life.
Milked to Order (6/22/2006)
Milk price support has discouraged vertical integration in the milk industry that might have led to cheaper milk for and lower tax on milk consumers.
Oil Glut (2/4/2014)
Supply gluts do not always result in low prices to consumers if supply and demand conditions are not allowed to freely interact.
Rent Ceiling (8/31/2000)
Rent control in Boston, MA has led to most apartments charging rent right up to the price ceiling. The effective rent is actually higher if under-the-table payments are included.
Sugar Daddy (6/22/2006)
US subsidies to domestic sugar cane and sugar beet growers have resulted in huge collateral damage to domestic industries and overseas producers.
The Dust Bowl - Natural or Man-made Disaster? (12/21/2001)
High transaction costs, whether natural or artificial, could delay the transfer of property rights from lower-value use to higher-value use.
The Logic of Collective Action (12/21/2001)
Narrow special interests are often more politically powerful because they are easier to organize and the benefits of membership exceed the cost of participation.
What Makes Rights? (12/21/2001)
Temporary property rights created out of sympathy or a preference for insiders over outsiders might become politically entrenched.