Sometimes these indirect effects are tiny. But when they are large they can become problematic—what economists call externalities. Externalities are among the main reasons governments intervene in the ...
Sometimes these indirect effects are tiny. But when they are large they can become problematic—what economists call externalities. Externalities are among the main reasons governments intervene in the ...
Oberholzer-Gee, Felix, and Miki Mitsunari. "Information Regulation: Do the Victims of Externalities Pay Attention?" Journal of Regulatory Economics 30, no. 2 (August 2006): 141–158.
Market power reduces equilibrium quantities and distorts production, typically causing welfare losses. However, as Buchanan (1969) noted, market power may mitigate overproduction from negative ...
Shutting down the US fossil fuel industry would endanger the economy, undermine security and, actually, increase the level of greenhouse gases in the environment.