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state intervention

September 14, 2022
Published by IEA at September 14, 2022
Categories

Why Demand-side Support Trumps Energy Price Caps

Imagine you buy 10 cans of beer every week, at a price of €2.50 each. Due to a shortage of hops, the price of a can of beer now soars to €5 per can. This means that if you carried on drinking 10 cans of beer per week, your total beer budget would have to rise from €25 to €50.
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February 25, 2022
Published by IEA at February 25, 2022
Categories

When Market Failure Attracts Rent-seekers

Market failures are not simply outcomes you do not like. They are institutional inefficiencies such as externalities (where a proportion of the cost or benefit of an activity is incurred by someone other than the person engaged in it).
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