Yahoo Web Search

  1. Externality - Wikipedia

    In economics, an externality is the cost or benefit that affects a third party who did not choose to incur that cost or benefit. Externalities often occur when the production or consumption of a product or service's private price equilibrium cannot reflect the true costs or benefits of that product or service for society as a whole.

  2. Pecuniary externality - Wikipedia

    A pecuniary externality occurs when the actions of an economic agent cause an increase or decrease in market prices. For example, an influx of city-dwellers buying second homes in a rural area can drive up house prices, making it difficult for young people in the area to get onto the property ladder.

  3. externality - Wiktionary

    Oct 09, 2019 · externality (countable and uncountable, plural externalities) ( uncountable ) The state of being external or externalized . 1916 , Ralph Barton Perry, Present philosophical tendencies ‎ [1] , page 319:

  4. Talk:Externality - Wikipedia

    In economics, an externality is the cost or benefit associated with a transaction which is not reflected in the market mechanisms governing its price. The commonest example is pollution , as when the price of coal is determined by the costs of its extraction and sale without taking account of the pollution it causes.

  5. Internality - Wikipedia

    For the effect of secondhand smoke, see externality. Statistically, 80% of smokers want to quit, and 54% of people who are serious about quitting fail in a week or less. [3] This implies that they do not act in their long-term best interest due to short-term discomfort, also known as a self-control problem.

  6. People also ask

    What is the definition of externality in economics?

    What is the difference between externalities and externals?

    What is a pecuniary externality?

    What are the different types of externalities?

  7. Network effect - Wikipedia

    A network effect (also called network externality or demand-side economies of scale) is the effect described in economics and business that an additional user of goods or services has on the value of that product to others. When a network effect is present, the value of a product or service increases according to the number of others using it.

  8. Externalita – Wikipédia

    Externalita alebo externý efekt je v ekonómii vonkajší účinok (efekt) rozhodnutia či existencie či činnosti úmyselne či neúmyselne prenesený z daného ekonomického subjektu na iný subjekt alebo okolie, resp. z iných subjektov alebo okolia na daný ekonomický subjekt.

  9. Externalita – Wikipedie

    Externality v ekonomické teorii a jejich dopady na ekologii České republiky po roce 1989 = Externalities in economic theory and their influence on ecology in Czech Republic after 1989. Brno, 2009. 102 s.

  10. Market failure - Wikipedia

    Categories. Different economists have different views about what events are the sources of market failure. Mainstream economic analysis widely accepts that a market failure (relative to Pareto efficiency) can occur for three main reasons: if the market is "monopolised" or a small group of businesses hold significant market power, if production of the good or service results in an externality ...

  11. Externality Definition - Investopedia

    May 26, 2019 · An externality is an economic term referring to a cost or benefit incurred or received by a third party who has no control over how that cost or benefit was created.

    • Will Kenton