{"content":{"sharePage":{"page":0,"digests":[{"id":"48144336","dateCreated":"1323825963","smartDate":"Dec 13, 2011","userCreated":{"username":"keittenbach","url":"https:\/\/www.wikispaces.com\/user\/view\/keittenbach","imageUrl":"https:\/\/ssl.wikicdn.com\/i\/user_none_lg.jpg"},"monitored":false,"locked":false,"links":{"self":"https:\/\/mbaeconfall2011.wikispaces.com\/share\/view\/48144336"},"dateDigested":1532762612,"startDate":null,"sharedType":"discussion","title":"Review","description":"The focus on this paper is on various factors that can cause markets to fail such as antitrust laws, externalities, public goods, and rent-seeking. For each subject, the author describes the definition and offers a real-world example of how each subject is applied.
\nA very recent example offered for the understanding of the inefficiencies of monopolies is current controversy of Google ledgidly driving traffic to their own services.
\nThe byproduct of drilling for natural gas was another real-world example offered for the explanation of externalities.
\nOverall, the material was presented in a relevant format with proper examples.","replyPages":[{"page":0,"digests":[],"more":0}]},{"id":"47943574","dateCreated":"1323497129","smartDate":"Dec 9, 2011","userCreated":{"username":"JasonYoungBSU","url":"https:\/\/www.wikispaces.com\/user\/view\/JasonYoungBSU","imageUrl":"https:\/\/ssl.wikicdn.com\/i\/user_none_lg.jpg"},"monitored":false,"locked":false,"links":{"self":"https:\/\/mbaeconfall2011.wikispaces.com\/share\/view\/47943574"},"dateDigested":1532762612,"startDate":null,"sharedType":"discussion","title":"Summary","description":"This article describes factors that can lead to the failure of a market, where the functioning market fails to meet the social good.
\n
\nThese factors include antitrust, negative externalities, public goods, and rent seeking. All factors had fantastic real world examples, utilizing Google, fracking for natural gas, clean air and radio waves, and union dues for political lobbying.","replyPages":[{"page":0,"digests":[],"more":0}]},{"id":"47889420","dateCreated":"1323439221","smartDate":"Dec 9, 2011","userCreated":{"username":"RWentink","url":"https:\/\/www.wikispaces.com\/user\/view\/RWentink","imageUrl":"https:\/\/ssl.wikicdn.com\/i\/user_none_lg.jpg"},"monitored":false,"locked":false,"links":{"self":"https:\/\/mbaeconfall2011.wikispaces.com\/share\/view\/47889420"},"dateDigested":1532762612,"startDate":null,"sharedType":"discussion","title":"Summary","description":"This paper on market failure focused on anticompetitive market power, negative externalities, public goods, and rent seeking.
\n
\nThe author used Google as the potential example of anticompetitive market power, citing testimony by Google CEO, Eric Schmidt, to show that there is competition in the industry. Union lobbying was used as the example for rent seeking and its inefficiency.
\n
\nFracking was used as the example for the discussion on negative externalities, and seemed especially relevant and also chilling in its potential effects on the environment.
\n
\nAs a side note, who can resist checking out a web site called girlygreengirl.com?","replyPages":[{"page":0,"digests":[],"more":0}]},{"id":"47780826","dateCreated":"1323297669","smartDate":"Dec 7, 2011","userCreated":{"username":"amdevoss","url":"https:\/\/www.wikispaces.com\/user\/view\/amdevoss","imageUrl":"https:\/\/ssl.wikicdn.com\/i\/user_none_lg.jpg"},"monitored":false,"locked":false,"links":{"self":"https:\/\/mbaeconfall2011.wikispaces.com\/share\/view\/47780826"},"dateDigested":1532762612,"startDate":null,"sharedType":"discussion","title":"Market Failure linked to Government Failure","description":"http:\/\/www.becker-posner-blog.com\/2011\/09\/market-failure-compared-to-government-failure-becker.html<\/a>","replyPages":[{"page":0,"digests":[],"more":0}]},{"id":"47586522","dateCreated":"1323100760","smartDate":"Dec 5, 2011","userCreated":{"username":"AnqiFang","url":"https:\/\/www.wikispaces.com\/user\/view\/AnqiFang","imageUrl":"https:\/\/ssl.wikicdn.com\/i\/user_none_lg.jpg"},"monitored":false,"locked":false,"links":{"self":"https:\/\/mbaeconfall2011.wikispaces.com\/share\/view\/47586522"},"dateDigested":1532762612,"startDate":null,"sharedType":"discussion","title":"Examples of Externalities","description":"Examples of externalities:
\n
\n A smoker annoys others with second hand smoke.
\n A gardener delights a neighbour with his beautiful garden.
\n A pulp mill pollutes the air and water in town.
\n A perfume wearer gives a friend an allergic reaction.","replyPages":[{"page":0,"digests":[],"more":0}]},{"id":"47078402","dateCreated":"1322497975","smartDate":"Nov 28, 2011","userCreated":{"username":"kmwesterfiel","url":"https:\/\/www.wikispaces.com\/user\/view\/kmwesterfiel","imageUrl":"https:\/\/ssl.wikicdn.com\/i\/user_none_lg.jpg"},"monitored":false,"locked":false,"links":{"self":"https:\/\/mbaeconfall2011.wikispaces.com\/share\/view\/47078402"},"dateDigested":1532762612,"startDate":null,"sharedType":"discussion","title":"Article about market failure to address climate change","description":"This is an interesting article about why there is a government failure (as well as a market failure) to address climate change. Rent seeking in particular is discussed.
\n
\nhttp:\/\/oxrep.oxfordjournals.org\/content\/26\/2\/182.short<\/a>","replyPages":[{"page":0,"digests":[],"more":0}]},{"id":"47042838","dateCreated":"1322439116","smartDate":"Nov 27, 2011","userCreated":{"username":"Matt_Gray1","url":"https:\/\/www.wikispaces.com\/user\/view\/Matt_Gray1","imageUrl":"https:\/\/ssl.wikicdn.com\/i\/user_none_lg.jpg"},"monitored":false,"locked":false,"links":{"self":"https:\/\/mbaeconfall2011.wikispaces.com\/share\/view\/47042838"},"dateDigested":1532762612,"startDate":null,"sharedType":"discussion","title":"Google","description":"I think the unasked question here is why would it be an issue for Google to direct users to it's own services? Google also has a valid point in saying that its search services are build for users and not websites. I think the results are also driven in some part by user data. Google may also fall under the idea of a natural monopoly as was discussed in one of the other forums.","replyPages":[{"page":0,"digests":[],"more":0}]},{"id":"44809606","dateCreated":"1319397209","smartDate":"Oct 23, 2011","userCreated":{"username":"maysen1975","url":"https:\/\/www.wikispaces.com\/user\/view\/maysen1975","imageUrl":"https:\/\/www.wikispaces.com\/user\/pic\/1317587185\/maysen1975-lg.jpg"},"monitored":false,"locked":false,"links":{"self":"https:\/\/mbaeconfall2011.wikispaces.com\/share\/view\/44809606"},"dateDigested":1532762613,"startDate":null,"sharedType":"discussion","title":"Natural Gas","description":"It's concerning that the negative effects of "fracking" seem to not be given much consideration since they are able to extract more natural gas. It would be alarming that your tap water can ignite simply because they are fracking nearby.","replyPages":[{"page":0,"digests":[],"more":0}]},{"id":"44350686","dateCreated":"1318798451","smartDate":"Oct 16, 2011","userCreated":{"username":"TChristofaro","url":"https:\/\/www.wikispaces.com\/user\/view\/TChristofaro","imageUrl":"https:\/\/ssl.wikicdn.com\/i\/user_none_lg.jpg"},"monitored":false,"locked":false,"links":{"self":"https:\/\/mbaeconfall2011.wikispaces.com\/share\/view\/44350686"},"dateDigested":1532762613,"startDate":null,"sharedType":"discussion","title":"Google","description":"It would be interesting to learn more why it would be illegal for Google to promote their own businesses rather than others.","replyPages":[{"page":0,"digests":[],"more":0}]}],"more":false},"comments":[]},"http":{"code":200,"status":"OK"},"redirectUrl":null,"javascript":null,"notices":{"warning":[],"error":[],"info":[],"success":[]}}