... in Australia in recent years, and then shows how they have assisted the market to operate more efficiently by providing economic and social infrastructure, and achieved non‐market oriented social‐justice objectives through re‐distribution measures. Australia Central government Interventions Markets...

... are negative external effects of contemporary agriculture,and in this sense a typical example of market failure. Government intervention is, because of x‐inefficiency and allocation inefficiency,not without problems. An alternative would be to apply a decentralized decision‐making process. The “club” theory...