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Inadequacies in government action are frequently called “government failure.” In some cases, government failures reinforce market...

Inadequacies in government action are frequently called “government failure.” In some cases, government failures reinforce market failures. In particular, the government may promote inefficient outcomes in a way that exacerbates the shortcomings of the market rather than alleviates these shortcomings. Can you think of any examples where such mutually reinforcing failuresmight occur and the reasons why they might occur?

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Answer #1

Yes

Due to loopholes in the tax , property laws and other laws the govt doesnot get a fare share and it leads to its failure.For eg a property law where govt has the well defined property rights , but the execution and corruption within the system doesnot allow to be effective and thus it translates into market failure . In our example , it is an externality case where due to inefficiency in govt it creates a market failure because of not well defined property rights.

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