This paper aims to explore the types, origins and clasification of market failure with the help of theories and experimental works of some researchers on externalities and other factors.
Bator, F., (1958). The Anatomy of Market Failure. The Quarterly Journal of Economics, (72), 351-379.
Hao, Y et al., (2019). How do FDI and technical innovation affect environmental quality? Evidence from China. Environmental Science and Pollution Research.
Norhanishah, M et al., (2015). Spillover effects of FDI and trade on demand for skilled labour in malaysian manufacturing industries. Asian Academy of Management Journal. 20 (2), 1-27.
Islam, M., (2019). Market Failure: Reasons and Its Accomplishments. International Journal of Economics and Financial Research. 5, 276-281.
Dollery, B., and Wallis, J. (2001). The Theory of Market Failure and Equity-Based Policy Making in Contemporary Local Government. Local Government Studies, 27(4), 59–70.
Randall, A. (1983). The problem of market failure. Natural Resources Journal. 23(1), 31- 132.
Donald, J., and Meiners, R., (2019). Externality: Origins and Classifications. 59 Nat. Resources J.
Coase, R., (1960). The problem of social cost. The Journal of Law and Economics, 31–44.
Schweizer, U., (1988). Externalities and the Coase Theorem: Hypothesis or Result? Journal of Institutional and Theoretical Economics (JITE). 144(2), 245-266.
Jing, W., and Sun, B., (2018). Negative externalities in the sharing economy: sources, paths and recommendations. International Journal of Crowd Science. (2), 149-163.
Cunningham, Sh., (2011). Understanding market failures in an economic development context. Mesopartner