Nathan Stephens - Addressing Market Failure: why we can’t let the market win

2022-12-13

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Nathan Stephens narrates his blog written for Dementia Researcher. Dementia is rarely considered a market issue, well at least not explicitly. Yet the unequitable distribution of care and support, cost of care and unpaid care, and inequality of information are symptoms of a ‘failed market’. This is according to the Treasury’s Green Book which identifies four domains of market failure: under-provision of public goods/services, imperfect information about goods/services, externalities, and market or mo...

Nathan Stephens narrates his blog written for Dementia Researcher.

Dementia is rarely considered a market issue, well at least not explicitly. Yet the unequitable distribution of care and support, cost of care and unpaid care, and inequality of information are symptoms of a ‘failed market’. This is according to the Treasury’s Green Book which identifies four domains of market failure: under-provision of public goods/services, imperfect information about goods/services, externalities, and market or monopoly power. In this blog Nathan discusses the issues.

Find the original text, and narration here on our website.

https://www.dementiaresearcher.nihr.ac.uk/guest-blog-addressing-market-failure-why-we-cant-let-the-market-win/

Nathan Stephens is a PhD Student and unpaid carer, working on his PhD at University of Worcester, studying the Worcestershire Meeting Centres Community Support Programme. Inspired by caring for both grandparents and personal experience of dementia, Nathan has gone from a BSc in Sports & Physical Education, an MSc in Public Health, and now working on his PhD.

Enjoy listening? We're always looking for new bloggers, drop us a line. http://www.dementiaresearcher.nihr.ac.uk

This podcast is brought to you in association with Alzheimer's Association, Alzheimer's Research UK, Alzheimer's Society and Race Against Dementia, who we thank for their ongoing support.

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