Market Failure Restoration: A New Blueprint for Public Policy
市場の失敗の回復：公共政策のための新しい設計図 (AI 翻訳)
Nnanu, Friday Ben, Gobir, Mustapha Abdullahi, PhD.
🤖 gxceed AI 要約
日本語
標準的な経済モデルが想定する効率的な市場とは異なり、現実の市場では汚染や情報の非対称性、限定合理性などの要因で資源配分が非効率になる。本稿は気候危機を複合的な市場の失敗（炭素価格の不在、グリーンR&Dへの過少投資、インフラのジレンマ）として捉え、炭素価格付け、補助金、インフラ更新を組み合わせた政策ミックスを提唱する。
English
Standard economic models assume efficient markets, but real-world failures like pollution, information asymmetry, and bounded rationality cause inefficiency. This paper frames the climate crisis as a cluster of market failures—unpriced carbon, underinvestment in green R&D, and infrastructure dilemmas—and advocates a coordinated policy mix of carbon pricing, subsidies, and systemic infrastructure updates.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
日本の気候政策（GX実行会議、カーボンプライシングの検討）に対し、単一の政策ではなく包括的なミックスが有効であることを理論的に裏付ける。特に、炭素税だけに頼らない政策設計の重要性を示唆。
In the global GX context
This paper provides a theoretical foundation for the ISSB and transition finance discourse by arguing that no single instrument (e.g., carbon tax) suffices—policymakers must combine pricing, subsidies, and infrastructure investment. It resonates with global debates on climate policy packages.
👥 読者別の含意
🔬研究者:Offers a conceptual framework linking multiple market failures to climate policy design.
🏢実務担当者:Useful for understanding why a single carbon tax is insufficient and why coordinated policy signals matter for corporate investment decisions.
🏛政策担当者:Provides a blueprint for designing integrated climate policy mixes, relevant for ministries drafting national energy and climate plans.
📄 Abstract（原文）
Standard economic models often look perfect on a whiteboard, but real-world markets routinely fail to allocate resources efficiently. This paper looks at why that happens, connecting classic problems like pollution with institutional roadblocks, network monopolies, hidden information, and the quirky ways humans actually make decisions (bounded rationality). We look closely at the climate crisis, which isn’t just one big economic problem, but a messy cluster of them: unpriced carbon emissions, severe corporate underinvestment in green research and development, and the chicken-and-egg dilemma of building clean infrastructure. By looking at the tension between market breakdowns and flawed political solutions ("government failures"), we build a practical guide for policy design. Our main takeaway is that silver-bullet solutions, like a single carbon tax, cannot fix the system on their own. Instead, fixing deep-rooted market failures requires a smart, coordinated mix of carbon pricing, clean-tech research and development subsidies, and systemic infrastructure updates. Keywords : Market Failure, Externalities, Climate Economics, Bounded Rationality, Coase Theorem, Institutional Economics.
🔗 Provenance — このレコードを発見したソース
- Zenodo https://zenodo.org/records/21082761first seen 2026-07-01 04:14:00 · last seen 2026-07-01 04:17:43
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