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Fiscal policy: How should we design out-of-work benefits?

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Regulation, pollution permits and correcting information failure

In this centrespread, Steve Stoddard outlines three forms of intervention that may be used by governments to deal with market failure – regulation, pollution permits and correcting information failure

■ The use of rules or laws to control or restrict the actions of economic agents.

■ Examples used to tackle market failure include:

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Previous

Fiscal policy: How should we design out-of-work benefits?

Next

Balancing assets, liabilities and shareholders’ equity

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