Analysis of Market Failures Assignment Example | Topics and Well Written Essays - 500 words

Analysis of Market Failures - Assignment Example Therefore, in order to counter this market failure, government intervenes, takes taxes from people and provides them the goods which are not provided by price mechanism, such as street lights, lighthouses, police etc These were some cases, where market forces of price mechanism fail to provide the people with the right quantity of goods and results in market failures. However, a new way adopted by most governments to counter market failures is by adopting a mixed economic system, where there is both price mechanism and government control. Whenever the price mechanism fails to provide a good or service, or over or under provides it, the government comes forward and takes care of the market. For example, to counter the overproduction of demerit goods, it increases the taxes on those goods. Similarly, in order to increase the production of merit goods, it usually provides subsidies on them, so that these goods are provided more in the market. Thus, we can conclude from this essay that even the most efficient system of allocation of resources can sometimes fail to allocate the resources in the most efficient way. This situation is known as a market failure, and if not dealt properly, it will lead the market towards inefficiency and hence there is a need for good government control to counter the problem. Â  

Statistical Analysis Assignment Example | Topics and Well Written Essays - 1500 words

Statistical Analysis - Assignment Example Nonetheless, they noted that despite the disadvantages, the internet services have a series of advantages including the internet’s unprecedented benefits in education, entertainment, commerce, and social interaction. Notably, the negative effects of the internet have created immense opportunities for crime commissions. This form of information technology has made offenders to commit crimes some of which have no monetary costs while others are less never recognized or detected. Comparing different forms of crimes, Wang and Huang used the traditional economic motivated crimes that include larcenies, burglaries, and bank robberies among others, by the online fraudsters (Wang, and Huang, 2011). They noted that the online fraudsters are unlikely to be encountered directly with the law enforcers and witness since the crime does not create any animosity or do not involve direct encounters with the affected persons or entities. Therefore, the authors aimed at examining the identity of the theft from the analytical angle with their focus on the elaborate versatilities of this contemporary criminal (Wang, and Huang, 2011). Notably, Wang and Huang first discussed the mode of identifying their sample set. The sample in case was the human beings. After the identification of the samples, they defined and provided the typology of the crime based on the United States legislation of theft identity. Applying different definitions, Wang and Huang determined series of online crime that included phishing, hacking, pretexting, skimming (this is there is legitimate transactions using credit or debit cards especially in retail shops), and changing the address (Wang, and Huang, 2011). The change of address was found to involve changing the identity that may involve the criminal’s personal information or obtains the victim’s personal information thereby tampering with the same towards committing crime with the same. The Wang and Huang’s research on cyber crim e was mainly qualitative; therefore, they only concentrated on the quality of the sample towards the identified crime (Kritzer, 1996). Therefore, they did not provide any statistics to explain the trend of their findings. It is worth noting that Wang and Huang were only concerned with the effect of this crime to the contemporary world markets especially about progressing, managing and transferring money through the internet (Indulska, Dirk, and Recker, 2012). According to them, despite the internet means of managing and transferring money and information is convenient, the involved parties must be concerned with internet or online frauds that they described as inescapable. For instance, they concluded that, â€Å"Collectively, cyberspace has become such an attractive place where suitable targets like personal information increase in value while effective guardians typically fall behind. Anti-fraud efforts must be accelerated and orchestrated proficiently to make online scams diffic ult for offenders (Wang, and Huang, 2011).† Article Two â€Å"The (in) significance of the genocidal behavior to the discipline of criminology† is a criminology research work that was conducted by George S. Yacouban, Jr. of the department of criminology and criminal justice (Yacouban, 2000). Despite their devotion to the discipline of criminology, Yacouban reports that the International Criminal law’