Define the concept of externalities. What recent or current events have illustrated this concept?© BrainMass Inc. brainmass.com December 20, 2018, 11:56 am ad1c9bdddf
Conventional Market-Based Policies vs. Sustainability
A.C. Pigou was one of the pioneers in the concept of externalities (Hurwicz, 1999), a term used to explain the relationship between two primary parties who make or exchange products and an ...
An explanation of externality, with an examples of positive and negative externalities.