Chart of the Day: DPW Holdings

According to Yahoo!Finance, DPW Holdings, “…designs, develops, manufactures, and sells power system solutions for the military/aerospace, medical and industrial-telecommunication industries in North America and Europe. The company offers custom power system solutions; high-grade flexibility series power supply products, such as power rectifiers; and value-added services for original equipment manufacturers.”

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The Study of Failure

"The market failure model ultimately fails, like other deductive models, because it is not sufficiently derived from an empirical base [Zerbe and Medema,1997]. It is not sufficiently inductive, and instead relies on methods of understanding that derive specific propositions from general principles without much attention to observed facts (Zerbe, Richard O., and Howard E. McCurdy. “The Failure of Market Failure.” Journal of Policy Analysis and Management, vol. 18, no. 4, 1999, pp. 558–578. JSTOR, JSTOR, www.jstor.org/stable/3325755)."

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