Explore BrainMass
Share

externalities on the sales of condominiums

This content was STOLEN from BrainMass.com - View the original, and get the already-completed solution here!

I have to chosen two following 2 Internet articles from below?one article should discuss a positive externality, and one should discuss a negative externality. Now I need help listing the characteristics of the positive and negative externalities

Positive Externality(characteristics) Negative Externality(characteristics)

1) Intra-project externality and layout variables in residential condominium appraisals
by Chan, Su Han, Chu, Shin-Hering Michelle, Lentz, George H, Wang, Ko
Examine the effects of both negative and positive externalities on the sales of condominiums. Several factors such as parks and pools can be both negative and positive, depending on the predilections of the buyer. Greenspace is always a positive externality. The effects of these factors are not used as they should be, and as a result many condos are over or under appraised in value.
http://www.findarticles.com/p/articles/mi_qa3750/is_199801/ai_n8767442/pg_5

2) Externalities and labor market linkages in a dynamic two-sector model of tropical agriculture by GERALD E. SHIVELY
Examines the negative externality of erosion from an upland farm affecting a lowland farm. A model is developed to determine the extent of the externality. The model indicates the attempts to fairly distribute the effects of the externality increase efficiency.
http://www.journals.cup.org/download.php?file=%2FEDE%2FEDE11_01%2FS1355770X05002652a.pdf&code=5dd814830ac0908a1e3a1a9fe14560df

Also could someone please explain to me very well
1) How has the positive externality affected the economy?
2) How has the negative externality affected the economy?

© BrainMass Inc. brainmass.com October 24, 2018, 8:36 pm ad1c9bdddf
https://brainmass.com/economics/factors-of-production/externalities-on-the-sales-of-condominiums-102184

Solution Preview

Positive Externality(characteristics)
1. People are willing to sell condos for less than they should be because of high information cost (it is hard to know if a particular feature of a condo is good or bad)
2. Many of the things in question are nonexcludable - e.g. the recreation areas are open for everyone to use.
3. Many of the things in question are nonrival-e.g. viewing a pleasant scene by one person doesn't prevent others from gaining full benefit from it

Negative Externality(characteristics)
1. People are ...

Solution Summary

Examine the effects of both negative and positive externalities on the sales of condominiums.

$2.19
See Also This Related BrainMass Solution

Home Building Industry

The last few weeks has been really rough for me and I have fallen behind in class. I need to prepare a paper on an industry affected by the economy, and I have chosen the home building industry. Unfortunately, the paper is due tonight. I will reword the essay and cite from here also.

The following needs to be included with the final paper:

Include at least eight sources, two for each topic.

Research the industry's price elasticity of supply and demand.
Research any negative or positive externalities the industry produces.
Research how wage inequality is measured and if it is present in the industry.
Research monetary and/or fiscal policies that have affected the industry.

Include the APA-formatted references and a summary of the major points in the articles or Web sites.

Thank you all for helping me. It is greatly appreciated.

ps: I am willing to up the credits to 15.

View Full Posting Details