Microeconomics: Market Intervention
Aborting White Flight (11/1/2000)
An ethnically integrated neighborhood may not come about or persist if it is not reinforced by deliberate intervention.
An ethnically integrated neighborhood may not come about or persist if it is not reinforced by deliberate intervention.
Blocked Exit (3/7/2002)
Inefficient firms in mature industries often are preserved for political reasons long after they should have exited the market.
Inefficient firms in mature industries often are preserved for political reasons long after they should have exited the market.
Byrding for Profit (6/25/2004)
U. S. shrimpers use anti-dumping protection to resist competitive pressure from more efficient Asian shrimp farmers and to gain de facto subsidy.
U. S. shrimpers use anti-dumping protection to resist competitive pressure from more efficient Asian shrimp farmers and to gain de facto subsidy.
Cash for Clunkers - Cash Rebates vs Fuel Tax (8/19/2009)
Cash rebates are an inefficient means to reduce carbon emissions.
Cash rebates are an inefficient means to reduce carbon emissions.
Flying in the Red (9/3/2005)
Airlines deregulation has allowed more competitive discounters to grow at the expense of high-cost traditional hub-and-spokes airlines. But instead of exiting the market, the unprofitable traditional airlines hang on for dear life.
Airlines deregulation has allowed more competitive discounters to grow at the expense of high-cost traditional hub-and-spokes airlines. But instead of exiting the market, the unprofitable traditional airlines hang on for dear life.
Milked to Order (6/22/2006)
Milk price support has discouraged vertical integration in the milk industry that might have led to cheaper milk for and lower tax on milk consumers.
Milk price support has discouraged vertical integration in the milk industry that might have led to cheaper milk for and lower tax on milk consumers.
Oil Glut (2/4/2014)
Supply gluts do not always result in low prices to consumers if supply and demand conditions are not allowed to freely interact.
Supply gluts do not always result in low prices to consumers if supply and demand conditions are not allowed to freely interact.
Rent Ceiling (8/31/2000)
Rent control in Boston, MA has led to most apartments charging rent right up to the price ceiling. The effective rent is actually higher if under-the-table payments are included.
Rent control in Boston, MA has led to most apartments charging rent right up to the price ceiling. The effective rent is actually higher if under-the-table payments are included.
Sugar Daddy (6/22/2006)
US subsidies to domestic sugar cane and sugar beet growers have resulted in huge collateral damage to domestic industries and overseas producers.
US subsidies to domestic sugar cane and sugar beet growers have resulted in huge collateral damage to domestic industries and overseas producers.
The Dust Bowl - Natural or Man-made Disaster? (12/21/2001)
High transaction costs, whether natural or artificial, could delay the transfer of property rights from lower-value use to higher-value use.
High transaction costs, whether natural or artificial, could delay the transfer of property rights from lower-value use to higher-value use.
