Saturday, January 04, 2014

Unit 1: New year, new laws/regulations

The New Year has seen a raft of new legislation/regulation around the world as reported in the Guardian

http://www.theguardian.com/law/2013/dec/31/new-year-new-rules-changes-2014

Look at the laws introduced in each country and ask yourself
a) Is there a market failure this law is setting out to correct?
b) If so, evaluate the likely success of the legislation in reducing the market failure

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