Sentence examples for markets are imperfect from inspiring English sources
Capital markets are imperfect, they observe, and households are unable to insure themselves against all of life's ups and downs.
Market-based solutions to poverty alleviation were championed but, as markets are imperfect, it was agreed that these necessitate good social and environmental safeguards.
They assumed that both the electricity and the certificate markets are imperfect.
Nevertheless, if markets are imperfect, then technology adoption and human capital enhancement could be halted.
Moreover, when capital markets are imperfect, this model predicts that even altruistic parents may sacrifice investments in children's education.
Our results suggest that in terms of risk allocation the negligence rule should be preferred for abnormally risky activities, if insurance markets are imperfect.
The market is imperfect, but the state also makes mistakes," he concedes.The guiding handDefenders of industrial policy who include Dilma Rousseff, Lula's chosen candidate in next month's presidential election as vindication point to the examples of the ethanol industry (which began with a 1970s government programme to reduce dependence on imported oil), Embrapa and Embraer, an aircraft-maker.
The equity market is imperfect.
When the capital market is imperfect, the Modigliani Miller theorem [13] is not true.
The market is imperfect, he said, because when milk prices rise, other dairy products increase in sync, but when milk falls, the rest of the market tends not to decline.
The model has two main features borrowed from Galor and Zeira (1993) and many other authors: (i) the investment in human capital is indivisible, i.e., there is a minimum amount of investment in education and (ii) the capital market is imperfect due to the presence of borrowing constraints so that those individuals with a wealth level below some threshold can not afford the cost of education.
