Authors: Martin Reeker, Dirk T.G. Rubbelke
Addresses: Department of Economics, Chemnitz University of Technology, 09107 Chemnitz, Germany. ' Department of Economics, Chemnitz University of Technology, 09107 Chemnitz, Germany
Abstract: One major reason for the waste of resources is market failures. Another important reason is planning failures in governmental interventions that exactly aim at the alleviation of these market failures. In this paper, we will illustrate, by way of example, how these failures may interact. Furthermore, we present a way out from the illustrated example|s dilemma which results from the German government|s interventions in the home heating sector.
Keywords: energy; externalities; heating sector; public goods; Germany; government intervention; planning failure; market failure.
International Journal of Energy Technology and Policy, 2004 Vol.2 No.3, pp.219 - 225
Available online: 07 Sep 2004 *Full-text access for editors Access for subscribers Purchase this article Comment on this article