Economics demonstrates how markets can serve as remarkably efficient institutions in allocating scarce resource s.
Here, Neuroscience provides insights into which, and what kind of public sector interventions one should.
Matters become more complicated when striking a balance is influenced by our perceptions of risk.
At the same time, incomplete information generates prices that can lead to a mis-allocation, producing in some cases too little while in others too much of a good.
Economics demonstrates how markets can serve as remarkably efficient institutions in allocating scarce resource s