Government Failure - Mind Map

Mind Maps have been produced to introduce topics and give students an overview of key topics being studied. The maps can be viewed as a whole page or, for those who prefer a more linear approach, as a text version.

View larger version of the mind map.

• Government Steps In:
  • Shortages
  • Surpluses
  • Merit Goods
  • Public Goods
  • Protection
  • Property Rights
  • Poverty
  • Public Welfare
• How?
  • Taxes
    • Incentives
    • Disincentives
  • Subsidies
    • Encourage production
  • Regulation
    • Behaviour
    • Actions
  • Legislation
  • Direct Provision
    • Education
    • Actions
    • Street Lights
    • Justice
  • Granting Property Rights
    • Ownership
    • Patents
• Sources of Government Failure
  • Market Distortions
  • Welfare Impacts
  • Disincentive Effects
  • Short Termism
  • Electoral Pressure
  • Impact on the Environment
  • Regulatory Capture
  • Imperfect Knowledge
• Public Choice Theory
  • Self Interest
    • 'Log-Rolling'
    • 'Rent Seeking'