Externality - related articles and key terms

Related articles: Pollution   Public good   Moral hazard   Market failure   Environmental economics   Pigovian tax   Welfare economics   Coase theorem   Tragedy of the commons   Network effect   Supply and demand   Milton Friedman   Profit (economics)

Key terms: costs   benefit   externalities   pollution   buying   external costs   welfare   vaccination   social cost   marginal social   external benefits   societal   economists   quantity q   positive externalities   competitive market   beneficial   parties involved   transaction   society as a whole   costs and benefits   price p   marginal private   monopoly   marginal social benefit   private cost   coase theorem   take into account   marginal social cost   better off   nuclear waste   smallpox   demand curve   free market   bees   logger   pigovian tax   inefficient   all parties involved   too little   third parties   problem of externalities   government intervention   refuse   air pollution   benefits and costs   moral hazard   less than the marginal   internalize   negative externality

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