Key points are not available for this paper at this time.
This is the first of a three-part article which provides a comprehensive typology useful in any analysis of how public policies are used to control the operations of market exchanges and marketing systems. The first part, presented here, provides a typology of market failures. The second and third parts, to appear in subsequent issues, provide typologies of regulatory responses and of regulatory failures.
Harris et al. (Wed,) studied this question.