Letter to the editor: Meat market failure

Table member Dominic Moran has written a letter to the editor of the journal Nature Food. In it, he argues that the debate on livestock production and consumption ought to be viewed through the lens of market failure (that is, a situation in which the incentives that influence individual behaviour lead to a suboptimal outcome for society at large) and externalities (costs or benefits produced by a transaction that affect people other than the buyer and seller). Moran concludes that assessing the extent of market failure in the livestock sector can help governments to decide to what extent to intervene.