Sunday, November 30, 2014

The electric bus; a solution to market failure?

Could be if this experiment in Brazil works out
http://bcove.me/0q2d50ad

Mining in Burkino Faso; a case of market failure

This depressing clip shows a clear example of market failure and the need for government intervention


http://bcove.me/a7g555pz

Free child flu vaccine; a policy to overcome market failure associated with a merit good

Is flu vaccine a merit good? Quite possibly given the roll-out of this government policy


http://www.bbc.co.uk/news/uk-30241903#
This clip shows the reasons why the vaccine is required http://www.bbc.co.uk/news/health-29502296

Sunday, November 16, 2014

What fine should you get for littering?

£500 for a Pringles lid? So reports the BBC


http://www.bbc.co.uk/news/uk-england-bristol-29949175

Successful information provision by governments to reduce market failure: Drink driving public information films

From the BBC


http://www.bbc.co.uk/news/uk-29948187 and http://www.bbc.co.uk/news/uk-29936901

Positive and negative externalities from the Jakarta sea wall

Great clip from the BBC


http://www.bbc.co.uk/news/business-30030189#

Why governments tax fuel: Price Elasticity of Demand in action

Nice story from Australia from the BBC


http://www.bbc.co.uk/news/business-29983483#

Why the price of oil if falling

60 second summary from the BBC


http://www.bbc.co.uk/news/business-29745684#

Information failure and market failure: legal highs

A longer than normal clip (10 mins) which raises a lot of issues about information failure and possible government actions


http://www.bbc.co.uk/news/uk-23178688


Also, other BBC clips on the issue http://www.bbc.co.uk/news/uk-29829172# and http://www.bbc.co.uk/news/health-26364309 and http://www.bbc.co.uk/news/uk-26149954 and http://www.bbc.co.uk/news/health-26140661and http://www.bbc.co.uk/news/uk-wales-25982554 and http://www.bbc.co.uk/news/uk-england-25878280

Information failure? Is plastic food packaging safe

Interesting clip from the BBC


http://www.bbc.co.uk/news/uk-england-29631355#

Should we allow the advertising of e-cigarettes?

Intersting clip from Sky


http://news.sky.com/story/1370246/e-cigs-put-smoking-back-on-tv-after-49-years


Is there information failure? Will there be positive or negative externalities when they are consumed?

Perfect competition presentation

A comprehensive explanation from Mo Tanweer


http://motanweer.mediacore.tv/media/perfect-competition-2014

How competitive is the UK supermarket market?

Great data from economicshelp


http://www.economicshelp.org/blog/11947/economics/market-share-in-uk-supermarkets/