Externalities - Definition
Externalities occur when producing or consuming a good cause an impact on third parties not directly related to the transaction.
Externalities are probably the argument for government intervention that economists most respect.
Externalities
Definition: The spillover effects of production or consumption for which no payment is made. Externalities can be positive or negative.
Externalities. Spillover benefits or costs arising from an economic activity that are not taken into account by producers, resulting in levels of production that are inappropriate from the standpoint of the economy as a whole.
Externalities. Effects of a person's or firm's activities on others which are not compensated. Externalities can either hurt or benefit others- they can be negative or positive.
Externalities - uncompensated side effects of human actions. For example, if a stream is polluted by runoff from agricultural land, the people downstream experience a negative externality.
Externalities
Transport produces benefits for users, but may impose costs on non-users. These negative externalities figure prominently in transportation economics. Major externalities are air pollution, lack of traffic safety, and congestion.
Externalities
Externalities are costs (or benefits) that are not borne by the parties to the economic transaction. A producer may, for example, pollute the environment, and others may bear those costs.
Externalities - Costs or benefits of production or consumption experienced by society but not by the producers or consumers themselves. Sometimes referred to as 'spillover' or 'third-party' costs or benefits.
Externalities of either the "positive" or the "negative" sort create a problem for the effective functioning of the market to maximize the total utility of the society.
EXTERNALITIES: Costs or benefits that are not included in the market price of a good because they are not included in the supply price or the demand price.
EXTERNALITIES - when the market does not take into account the impact of an economic activity on outsiders. For example, the market may ignore the costs imposed on outsiders by a firm polluting the environment.
The net benefits to all members of society, as a percentage of cost, taking into account externalities and other market imperfections.
Economic rent
See rent.
Economic sanction
The use of an economic policy as a sanction.
The scientific literature documents different possible forms of externalities induced by FT.
External costs (also called externalities), in contrast, are the costs that people other than the buyer are forced to pay as a result of the transaction. The bearers of such costs can be either particular individuals or society at large.
however, also engender negative informational externalities. Disclosure may lead to an interpretation of bank information as indicative of widespread problems in the banking sector, leading to bank runs and collapses in stock markets.
International Trade
Regulation
Externalities and Public Goods
Output, Income, Money
Income Distribution
Business Cycles and Economic Growth
Macroeconomic Stabilization Policy
Notable Economists
Fields of Economics ...
A person who chooses to receive the benefits of public goods or positive externalities without contributing to paying the costs of producing those benefits. ...
Coase theorem the idea that private negotiations between people will lead to an efficient resolution of externalities regardless of who has the property rights as long as the property rights are defined. (15) ...
Any departure from the ideal of perfect competition that interferes with economic agents maximizing social welfare when they maximize their own. Includes taxes and subsidies, tariffs and NTBs, externalities, incomplete information, ...
trickle-down theory An economic theory, which states that the positive externalities and spillover... trigger An event signifying that an investor will make a specific trade (i.e. reaching a specified price target). TRIN Trading Index.
 See also: Market failure, Equilibrium, Welfare, Values, Public good
  
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