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Who is responsible for stopping NZ’s obesity epidemic? - Public Health Expert

Public Health Expert • Apr 18, 2016 •

Dr Robyn Toomath Editorial note: In this blog-perspective, obesity expert Dr Robyn Toomath outlines the dogmas and arguments for the ‘individual-responsibility’ explanation and (lack of) solution to the obesity epidemic. She then points to the market failures that render (non-regulated) free-market solutions as doomed to fail. The views in this blog are expanded in greater depth in a book Dr … Read More

Negative value added: education edition - The Dismal Science

Eric Crampton • Sep 09, 2014 •

Remember the story of the West German auto exec who, after touring the Trabant plant, wept because the value of the steel and other inputs going in exceeded the value of the car coming out? The Trabant plant was destroying value.That's how I felt on re... Read More

Information failures and risky buildings [updated] - The Dismal Science

Eric Crampton • Sep 17, 2013 •

There's a trade-off when government agencies disclose known risks. Take, for example, AIDS disclosure laws. Some US states require that partners or others likely to be at risk from a patient testing positive for HIV; others fear that th... Read More

Parking Market Failures - The Dismal Science

Eric Crampton • Sep 02, 2013 •

Does any market failure argument justify parking minima? Many cities require that residential developments include some minimum number of off-street carparks. Can these be justified? Well, I'm glad you asked, Agnito. The best argument I've heard for ... Read More

A failure, but what kind? - The Dismal Science

Bill Kaye-Blake • Feb 12, 2013 •

I was more focused on my barbecuing than the TV1 newscast last night, but then something caught my attention: Calls are growing for better legal protection for companies affected by other firms’ receiverships. But in the wake of the Mainzeal Property and Construction collapse, the Government says there is no evidence new laws are needed. [...] … Read More

Monopoly and tariffs are costly - The Dismal Science

Paul Walker • Sep 17, 2012 •

If you didn't already know. James A. Schmitz, Jr. takes a look at the New and Larger Costs of Monopoly and Tariffs. The abstract of the paper reads: Fifty-eight years ago, Harberger (1954) estimated that the costs of monopoly, which resulted from mis... Read More

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Tagged: market failure