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Market Failure Crossword
14
coase : Economist who showed that individuals can arrive at efficient solutions to situations involving externalities in the absence of transactions costs (5)
costbenefitanalysis : A way of evaluating whether or not a project should go ahead (4,7,8)
deadweightloss : the reduction in allocative efficiency when MSC does not equal MSB
nonexcludable : Characteristic of public good (3,10)
freerider : The idea that it pays not to pay (4,5)
meritgood : A private good that is underprovided by the free market (5,4)
adverseselection : The situation where those that have insurance tend to be the highest risk (8,9)
moralhazard : The situation where people's behaviour changes because they have insurance (5,7)
pigoviantax : A interventionst policy of internalising the externality (8,3)
tradablepermits : A market based solution to the problem of pollution (8,7)
myopia : Suffered by consumers, leading to market failure in health and education (6)
roadpricing : A market based solution to the problem of congestion (4,7)
externalcost : Negative 3rd party effect of production/consumption for whom no compensation is paid (8,4)
socialoptimum : The point at which MSC=MSB (5,7)
Market Failure Crossword
Across:3. | A way of evaluating whether or not a project should go ahead (4,7,8) | 5. | The point at which MSC=MSB (5,7) | 6. | A market based solution to the problem of congestion (4,7) | 9. | Economist who showed that individuals can arrive at efficient solutions to situations involving externalities in the absence of transactions costs (5) | 11. | Suffered by consumers, leading to market failure in health and education (6) | 12. | A market based solution to the problem of pollution (8,7) | 13. | The idea that it pays not to pay (4,5) |
| | Down:1. | Negative 3rd party effect of production/consumption for whom no compensation is paid (8,4) | 2. | the reduction in allocative efficiency when MSC does not equal MSB | 4. | Characteristic of public good (3,10) | 7. | The situation where those that have insurance tend to be the highest risk (8,9) | 8. | The situation where people's behaviour changes because they have insurance (5,7) | 10. | A interventionst policy of internalising the externality (8,3) | 11. | A private good that is underprovided by the free market (5,4) |
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© 2013
PuzzleFast.com, Noncommercial Use Only
Market Failure Crossword
Across:3. | A way of evaluating whether or not a project should go ahead (4,7,8) | 5. | The point at which MSC=MSB (5,7) | 6. | A market based solution to the problem of congestion (4,7) | 9. | Economist who showed that individuals can arrive at efficient solutions to situations involving externalities in the absence of transactions costs (5) | 11. | Suffered by consumers, leading to market failure in health and education (6) | 12. | A market based solution to the problem of pollution (8,7) | 13. | The idea that it pays not to pay (4,5) |
| | Down:1. | Negative 3rd party effect of production/consumption for whom no compensation is paid (8,4) | 2. | the reduction in allocative efficiency when MSC does not equal MSB | 4. | Characteristic of public good (3,10) | 7. | The situation where those that have insurance tend to be the highest risk (8,9) | 8. | The situation where people's behaviour changes because they have insurance (5,7) | 10. | A interventionst policy of internalising the externality (8,3) | 11. | A private good that is underprovided by the free market (5,4) |
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© 2013
PuzzleFast.com, Noncommercial Use Only