Look up: Market-failure

1. Market failure
   Market failure occurs when the workings of the price mechanism are imperfect and result in an inefficient or grossly unfair allocation of resources from the perspective of society. Examples include, the education and defence markets.
   Found on http://www.bized.co.uk/reference/glossar
   
   
2. Market Failure
   Market failure occurs when the price mechanism results in an inefficient or grossly unfair allocation of resources.
   Found on http://www.bized.co.uk/virtual/dc/resour
   
   
3. Market failure
   The inability of arm`s length markets to deliverer goods or services. A multinational corporation`s market internalization advantages may take advantage of market failure.
   Found on http://www.duke.edu/~charvey/Classes/wpg
   
   
4. market failure
   A situation, usually discussed in a model not in the real world, in which the behavior of optimizing agents in a market would not produce a Pareto optimal allocation. Sources of market failures: -- monopoly. Monopoly or oligopoly producers have incentives to underproduce and to price above marginal ...
   Found on http://www.econterms.com/glossary.cgi?qu
   
   
5. Market failure
   Any market imperfection, but especially the complete absence of a market due to incomplete or asymmetric information.
   Found on http://www-personal.umich.edu/~alandear/
   
   
6. Market failure
   `Market failure` is a concept within economic theory wherein the allocation of goods and services by a free market is not efficient. That is, there exists another conceivable outcome where a market participant may be made better-off without making someone else worse-off. Market failures can be viewe...
   Found on http://en.wikipedia.org/wiki/Market_fail