| The federal government has failed to correct what Sir Nicholas Stern has called the biggest market failure. |
| The root of the problem is the inherent unsoundness of State-granted guarantees to firms against market failure. |
| Prevailing economic theory suggests that such information disparities can lead to market failure. |
| Thus the aid provides an incentive for Investbx to come into existence and to target market failure. |
| The report claims the retail pharmacy market exhibits a number of the classic symptoms of potential market failure. |
| It was thought that large, centralised institutions were needed to stand between the public and the prospect of market failure. |
