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

Discover how Oliver Williamson, a Nobel laureate, transformed economic thought with Transaction Cost Economics and influenced policy beyond traditional markets.

As tariffs and trade deals make headlines, here’s a perfect puzzle: Why, as tariffs fell and supply chains expanded in the late 20th and early 21st centuries, did many economies fail to see the ...

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 ...