Essays Tagged: "Externality"

Economists vs. Conservationalists

their consumption of the scarce resource to be controlled having the price reflecting the negative externality (the result of a decision that is not taken into account by the decision maker). The rea ...

(3 pages) 44 0 3.7 Nov/1996

Subjects: Social Science Essays > Economics

Describe and evaluate economic measures that can be used to reduce negative consumption and negative production externalities ...

lved when a product or service is consumed or produced by a person or a firm is known as a positive externality. Examples of positive production and consumption externalities are education, health pro ... he smoke emission levels requirements to be sold at the market. This would then reduce the negative externality caused by the consumption of that good or service. However, it would be difficult to eva ...

(6 pages) 135 0 5.0 May/2004

Subjects: Social Science Essays

The Causes of Market Failure

or consumption. Externalities can be either desirable or undesirable. There are four major types of externality.1)External cost of production (MSC > MC)The marginal social cost (MSC) of chemical pr ...

(6 pages) 20669 0 4.4 Jun/2004

Subjects: Businesss Research Papers > Markets & Exchanges

What is the best method of achieving the socially optimum level of pollution?

an be defined as the 'harm or damage done to animals/plants and their ecosystems' . Pollution is an externality, the effects of which the costs and benefits are not fully reflected in potential or act ... ution cost. If the government imposes a tax on production equal to the marginal pollution cost, the externality is effectively 'internalised', this means that the producer will now choose to produce a ...

(10 pages) 53 0 3.0 Mar/2005

Subjects: Social Science Essays

Economics

roblems such as externalities, or spillovers, are considered to be an example of market failure. An externality is defined: a benefit or cost from production or consumption, accruing without compensat ...

(3 pages) 46 0 3.0 Oct/2001

Subjects: Businesss Research Papers

Similarities and Differences between Common Goods, Public Goods, Private Goods, and Natural Monopolies

be a good example because it is shared by all and beneficial to all members of society. A negative externality derived from the use of interstates and highways could be the greenhouse effect caused f ... use of does not diminish another persons use, and there are no restrictions for the use. A negative externality could be that public parks attract unsavory characters i.e. drug dealers, rowdy teens et ...

(1 pages) 61 0 3.5 Feb/2008

Subjects: Businesss Research Papers

Market Failure

(3 pages) 1 0 0.0 Apr/2012

Subjects: Businesss Research Papers > Markets & Exchanges