Search results
Results From The WOW.Com Content Network
One such intervention is government regulation. [3] Others include taxes/subsidies and improvements to education/infrastructure. Public interest theory claims that government regulation can improve markets, compensating for imperfect competition, unbalanced market operation, missing markets and undesirable market outcomes. Regulation can ...
The current FCC investigation of CBS News likely is just the start of a new FCC effort under the Trump administration to threaten government intervention. ABC News has already been added to the ...
A government interest is compelling if it is essential or necessary rather than a matter of choice, preference, or discretion. [1] When government action infringes an individual's fundamental rights, the government must show that the government's action is necessary to achieve a compelling government interest. The protection of public health ...
A government facing the same information constraints as the private individuals in the economy can nevertheless find Pareto-improving policy interventions. [ 34 ] Greenwald and Stiglitz noted several relevant situations, including how moral hazard may render a situation inefficient (e.g. an alcohol tax may be pareto improving as it reduces ...
Each citizen pays only a few pennies or a few dollars for any given government favor, while the costs of ending that favor would be many times higher. Everyone involved has rational incentives to do exactly what they are doing, even though the general public desires the opposite outcome. Costs are diffused while benefits are concentrated.
In the period of the eighteenth century, usually called the Enlightenment, a new justification of the European state developed.Jean-Jacques Rousseau's social contract theory states that governments draw their power from the governed, its 'sovereign' people (usually a certain ethnic group, and the state's limits are legitimated theoretically as that people's lands, although that is often not ...
Examples of government failure include regulatory capture and regulatory arbitrage. Government failure may arise because of unanticipated consequences of a government intervention, or because an inefficient outcome is more politically feasible than a Pareto improvement to it. Government failure can be on both the demand side and the supply side.
An illustration of William of Orange of the Dutch Republic landing at Brixham to depose James II of England during the Glorious Revolution in 1688.. Interventionism, in international politics, is the interference of a state or group of states into the domestic affairs of another state for the purposes of coercing that state to do something or refrain from doing something. [1]