Type | Economic concept |
Causes | Incomplete information • Asymmetric information • Externalities • Public goods • Monopolies • Imperfect competition |
Consequences | Inefficiencies • Wasted resources • Losses for market participants • Social harm |
Notable failures | Time • Information • Coordination • Power • Risk |
Interventions and regulations | Government policies • Market regulations • Information dissemination • Coordination initiatives • Antitrust laws • Risk management |