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markets

Can markets do the job of regulators?

There are four common types of market failures that support a call for regulatory intervention. Three of these were identifiable during the Banking Royal Commission, writes law school head and regulation expert Dr Benedict Sheehy. Read More

Fear of failure too often delays policy change

Poorly designed markets in social policy -- such as the VET system or the NDIS -- can cause great damage but governments often fear change means admitting failure, says a longtime commissioner on the Productivity Commission. Read More