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It is the saddest of market failures.
Mr Kahn also worries about market failures.
All market failures are blamed on interventions.
But this plan goes further to address likely market failures.
Numerous market failures prevent optimum investment in energy-efficient equipment.
Neoliberal policies are everywhere beset by market failures.
It defines market failures as AECs – adverse effects on competition.
Zombies and other market failures are thereby prevented.
Today's American right doesn't believe in externalities, or correcting market failures; it believes that there are no market failures, that capitalism unregulated is always right.
Air travel has become more competitive and efficient, but is subject to significant market failures.
So if market failures are to be solved, these critics argue, government is not the answer.
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