Learn about market failure in economics, where supply and demand imbalances lead to inefficient distribution, its types, and causes.

Even though we use it every day, most of us don’t give much thought to the electricity powering our homes, schools and offices. As long as the lights come on when we flip the switch, we don’t stop to ...

Word of the Day – Monopsonistic describes markets where one or few buyers dominate sellers or workers. In the U.S., over 60% of workers face concentrated hiring markets. That limits job switching.

NEW YORK, Dec 11 (Reuters) - Latin America and the Caribbean could lift their per-capita output by 11% and cut inequality by 6% by making markets more competitive, according to a new Inter-American ...

In an increasingly complex and globalized business world, precise data and in-depth analysis have become more than just strategic tools. They form the foundation for sustainable decisions that ...

Richard Meade was funded in 2021 by an industry body representing New Zealand electricity retailers to survey the economic literature on vertical integration versus vertical separation in electricity ...