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Posts Tagged: “market failure“
July 26, 2025
・Original Analysis
Why the Government is Not The Answer to Urban Planning
City planning is a task that is often seen as a unique realm of governmental necessity. The existence of externalities means that the market could create extremely sub optimal outcomes when creating a city. For example, a house with a messy front yard hurts everyone, but the people in this house might have little incentive […]
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