When trading stopped last week, the failure of a single trader led to the failure of the market as a whole.
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This is an abysmal failure of free market forces to converge the end price with the cost of production.
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In fact, the two biggest economic disasters of the 20th century--the Great Depression in the 1930s and the Great Inflation of the 1970s--were both the result of catastrophic government mistakes, not a sudden failure of free-market capitalism.
The failure of the US mobile market to foster real competition is quite remarkable.
But at the same time, truly free markets create instability for workers precisely because of the importance of market failure.
He said the "current obesity epidemic in children and adults represents a clear example of market failure" with taxpayers having to pick up the bill for healthcare and other costs.
Rather than explaining the cycle in terms of market failure, as Keynes did, real business-cycle theory views a recession as the optimal response by households and firms to a shift in productivity.
But note that lock-in is inefficient (that is, it is a kind of market failure) only if the inferior product survives despite the fact that the benefits of switching would exceed the costs.
For starters, consider the fact that the degree of market failure varies from region to region: the difference between the price of water and its true marginal cost must be higher in dry places than wet ones.
Except in the rare cases of total market failure (like Darfur and North Korea), cash has huge advantages over food aid.
Regardless of the ultimate success or failure of Scale Computing, the market has been altered permanently by our vision and our presence.
The failure of the German bond-market could be a wake-up-call to European leaders to take more drastic action to prevent the crisis.
The cash is aimed at tackling the problems of housing market failure where house prices have collapsed and areas are facing widespread abandonment.
If government does have a role, it should be only when rigorous analysis suggests more good than bad will come of it, weighing the realities of both market failure and government failure.
Obama would have America accept increased regulation because, in an equality of opportunity society, if individuals do not get a good outcome, it is a failure of the system, a market failure.
But because he was willing to step into the spotlight, the withdrawal of Vioxx from the market looks like part of a systemic failure to properly weigh the risks and benefits of drugs.
RickFerri.com with highlights of Cowles 1932 study and a link to his paper: Beating the Market: A Century of Failure.
Google has been trying to tap the fast growing social networking market despite perceived failure of its projects Buzz and Wave.
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Moreover, Inspra may also prove useful in treating heart failure, further increasing the size of its market.
But even readers who love Facebook, or at least cannot imagine life without it, should see its stock market failure as a sign of the commercial limits of the Internet.
There was an opportunity in the Senate and House bills on FDA reform (the Food and Drug Administration Safety Act of 2007) to do something about this and I as a reformer am disappointed in the failure of both bills to strengthen post-market surveillance.
But these improvements have not been seen in Europe, according to the IMF's analysis, largely because of the failure to push through labour-market reforms, which has prevented Europe from benefiting as much as it should have from the hi-tech boom.
"The combination of a wholly unrealistic time frame for responses along with a failure to seek an independent and comprehensive market impact assessment from Ofcom demonstrates disregard for the principles of good regulation, " he added.
Where then is the market failure that would invite federal maintenance of a stockpile?
This link points to a broader market failure to provide the right kind of investment and incentives to create much-needed new antibiotics.
At that point, it is vital that that participant be allowed to fail, to demonstrate to all other market participants where the point of failure in the pricing structure is.
But whether or not the London organizing committee had chosen to work with a charity-based reseller, the real problem was its failure to set up any type of efficient, secondary market plan ahead of time.
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The new discipline could change the drug market by reducing the rate of product failure in clinical trials.
Until 2004 Nissan, like most auto giants, relied primarily on syndicated market research to determine the success or failure of its campaigns.
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