Y1 31) Regulation and Market Failure. Everything you need to know about Regulation and Market Failure Instagram: / econplusdal Twitter: / econplusdal Facebook: www.facebook.c...
3:56 Albania is an example of what happens when you put in too many regulations, most of our regulations are not enforced or are unenforceable. We couldn't even enforce masks, nobody wore masks a year before the regulations about masks were taken down at the beginning of this year. And even worse is that because there are so many regulations and so few police (that are paid barely above minimum wage so they have to take bribes to earn a decent living) that the important regulations like drugs are barely enforced.
Thanks for helping break a brain block! I needed to explain "the interest group model of regulation" and was overthinking my assigned reading. Thanks for clearing up the fog!
Hi, Would the introduction of a govt funded regulatory body count as regulation as it would maintain high levels of competition and contestibility within the market, preventing consumers from being exploited by firms with monopoly power while also increasing allocative and productive efficiency, preventing market failure. ?
Yea it would, they can monitor the economic decision making and can lead to behavioural economic policy implementation such as framing or nudged to increase positive externalities.
1:37 Dal warning us 3 years early :/
Big man dal
dal’s a g
Great Video! Once again Dal smashes it!
3:56 Albania is an example of what happens when you put in too many regulations, most of our regulations are not enforced or are unenforceable. We couldn't even enforce masks, nobody wore masks a year before the regulations about masks were taken down at the beginning of this year. And even worse is that because there are so many regulations and so few police (that are paid barely above minimum wage so they have to take bribes to earn a decent living) that the important regulations like drugs are barely enforced.
thanks for this example
@@Ved_Desai Make sure to cite this comment in your essay.
I shall give the link to the video in my essay about effectiveness of regulations on controlling market failure@@architchoudhary4782
Thanks for helping break a brain block! I needed to explain "the interest group model of regulation" and was overthinking my assigned reading. Thanks for clearing up the fog!
BROOO I OWE U A BIG TIME, i’ve BEEN WATCHING UR VIDEOS SINCE THE PAST 3 HRS AND THEY HAVE HELPED ME SOO MUCH MORE THAN THIS STUPID BK
that’s my guy 🥶🥶🥶🐐
Dal The Man!!
Let's go dal👍👍
Great
Please do a video for currency derivatives
True classic
Thank you!
Many thanks.
do you like brown dal by any chance?
Yep I do! 😊😊😭😭😭
thanks bruv!
Hi, so there is no graphs for regulations right?
Regulation can be price caps which have diagrams - you need to apply diagrams to the specific policy you use
Legendary
Hi,
Would the introduction of a govt funded regulatory body count as regulation as it would maintain high levels of competition and contestibility within the market, preventing consumers from being exploited by firms with monopoly power while also increasing allocative and productive efficiency, preventing market failure. ?
E.g) OFGEM , OFSTED etc
Yea it would, they can monitor the economic decision making and can lead to behavioural economic policy implementation such as framing or nudged to increase positive externalities.
I do not ramend
is this for ocr a?
edexcel economics b
Hello there sunshine
i bet he gives good head ngl
@@CalvinHobbes Headstar123
Thank you for teaching but can you teach me bark