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This therefore needs to be bolstered by the second which is systemic failure rationale (Bleda and Del Rio 2013).
The first is the market failure rationale, which is considered to be valid although provides insufficient justification for policy intervention.
In one strand of the literature, the market failure rationale is considered as a valid although insufficient justification for policy intervention that therefore needs to be complemented by the arguments put forward by the systemic failure rationale.
In this paper we analyse the conceptual relationship between the market failure rationale and the systemic failure rationale as justifications for policy intervention within an innovation systems (IS) analytical framework.
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Focusing particularly on market and system failure rationales, we disentangle related underlying mechanisms for knowledge exploration and exploitation.
In this work, we set the analytical steps we deem required for this analysis, and investigate under which premises the relationship between the market failure and the system failure rationales proposed by these two policy perspectives is valid from a theoretical point of view.
His testimony, and the partisan exchanges in the hearing room over whether what he described as an intelligence failure undermined the rationale for going to war, underscored the problem facing President Bush as he tries to deal with the political and diplomatic fallout from Dr. Kay's statements.
Failure could offer a rationale for military strikes.
Preventing market failure was the basic rationale of this approach.
In light of the huge loss of life, many said that whatever the rationale, the failure to enforce adequate building standards in Sichuan was unacceptable.
The resulting DRX grains therefore seem to be compositionally softer, promoting deformation localization and eventual macroscopic failure, thus offering a rationale for why ECAP and tension samples tend to fail along DRX regions.
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