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Actions speak louder than words: Awareness is never enough PowerPoint Presentation
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Actions speak louder than words: Awareness is never enough - PowerPoint PPT Presentation


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Actions speak louder than words: Awareness is never enough. Welcome. Overview of market failure Prove that awareness doesn't lead to action Practical reality of this Creating action. Types of market failure. Common property Public goods Externalities (positive and negative)

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PowerPoint Slideshow about 'Actions speak louder than words: Awareness is never enough' - dalton-gaines


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Presentation Transcript
slide2

Welcome

  • Overview of market failure
  • Prove that awareness doesn't lead to action
  • Practical reality of this
  • Creating action
slide3

Types of market failure

  • Common property
  • Public goods
  • Externalities (positive and negative)
  • Imperfect and asymmetric information
  • Increasing returns
  • Market power
  • …Complex issues often require complex solutions.
slide4

Tragedy of the Commons

Each man is locked into a system that compels him to increase his herd without limit - in a world that is limited. Ruin is the destination toward which all men rush, each pursuing his own best interest in a society that believes in the freedom of the commons. Freedom in a commons brings ruin to all.

Hardin

slide5

Tragedy of the Commons2.0

  • Each man is locked into a system that compels him to increase his herd without limit - in a world that is limited. Ruin is the destination toward which all men rush, each pursuing his own best interest in a society that believes in the freedom of the commons. Freedom in a commons brings ruin to all.
  • Hardin 1968
  • Each country is locked into a system that compels them to increase their GDP without limit - in a world that is limited. Ruin is the destination toward which countries rush, each pursuing their own best interest in a society that believes in the freedom of the commons. Freedom in a commons brings ruin to all.
  • Holden 2010
slide6

Types of market failure

  • Common property
  • Public goods
  • Externalities (positive and negative)
  • Imperfect and asymmetric information
  • Increasing returns
  • Market power
  • …Complex issues often require complex solutions.
slide8

The reality of market failure

  • Perception is reality – what do businesses think?
  • How market failure impacts on the different stages of the
  • business relationship
  • How the ENWORKS model overcomes some of these
  • Question and answer discussion
slide15

Perceptions

  • Not relevant
  • Threat not opportunity
  • Resource efficiency = utility management
  • Need to invest in equipment to save energy
  • Investment will not reduce costs
  • Time consuming